Student loan collections in California - FFR, Inc

1
FFR, Inc
Mistakes to Avoid When Maximizing Medical Bill
Collections

• Patient debt collection is a sensitive procedure,
  and getting it wrong could cost you money and
  damage your reputation. Because of these rising
  unpaid debts, many hospitals need help managing
  their cash flow to pay medical staff, suppliers,
  rent, and other expenses connected with running a
  medical practice. Therefore, a medical firm needs
  an efficient patient payment plan to maximize
  medical bill collections and expedite workflow.
  Hiring professional medical debt collections in
  Florida will be the right choice.

www.ffrcollects.com
2
Lack of staff training

• Due to the inexperience of your personnel, you
  may have to deal with patients who flat-out
  refuse to pay more frequently. Additionally,
  ensure your team is properly trained in patient
  collecting, data recording, and system data
  storage. Failure to do so will result in
  increased receivables and problematic accounts,
  among other things. Your team should also receive
  training in dealing with difficult clients and
  resolving conflicts in addition to this. If your
  staff does not have enough training hire the
  best medical debt collections in Indiana.

www.ffrcollects.com
3
Few payments options
Be sure to allow yourself to accept only cash.
Give patients more options for the method of
payment and exercise some flexibility. Nowadays,
most purchases are made with credit or debit
cards. Keep a card reader at the front desk so
clients can pay immediately. Some patients could
be enthusiastic about paying with cash. You may
make their lives easier by installing an ATM at
your business.
www.ffrcollects.com
4
No financial policies

• To prevent future payment misunderstandings or
  conflicts, create a financial policy for your
  practice and inform your patients about it. The
  policy must be thorough and cover topics related
  to your patients' needs and practice specialty.
  Give specific instructions on the patient's
  responsibilities for all non-covered services.

www.ffrcollects.com
5
Not doing your homework

• Preparing all the relevant information and
  specifics about gathering from a patient is
  already half the work done. To engage with
  patients or locate them, you must develop precise
  and practical techniques for narrowing down
  information. In the digital age, this strategy
  can be quite successful. For better medical bill
  collections, you must review your practice
  management system and electronic health record
  and gather all the necessary information in
  real-time, including the patient's health plan
  and payment delays.

www.ffrcollects.com
6
Contact info

• FFR, Inc
• 495 Old Connecticut Path, Suite 220, Framingham
• Massachusetts, USA - 01701-4567
• Email us web_at_ffrcollects.com
• Phone [phone]
• Website www.ffrcollects.com

7
(No Transcript)