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Practice Management Alert

Money Matters:

Improve Your Practice's Bottom Line With 12 Easy-to-Implement Strategies

Published on Mon Feb 20, 2012

The bonus: You'll help meet your patients' changing payment needs, too.Every dollar counts in your practice and finding ways to improve your billing and collections -- and subsequently your practice's bottom line -- is crucial. Finding new, innovative ways to meet your patients' billing/payment needs and embracing new technologies will ensure your practice getting every dollar it deserves. "With patients assuming a greater percentage responsibility for their medical bills, there has never been a more important time for practices to evaluate the methods they use to process and collect payments," says Scott McCollum, president of BillingTree in Phoenix, Ariz. "We've found that many practices still only having the ability to collect payment at the time of service." Start with These 12 IdeasTake a look at this rundown of 12 ideas from McCollum that may help your practice improve customer service and improve the bottom line. Then, implement the ones that work in [...]
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