Enhancing Cash Collections & Internal Controls
Healthcare co-payments now account for 20% of total revenue in the typical physician practice, but providers who have not adopted the current set of industry best practices generally only collect 50-60% of these payments. By implementing the best practices in this whitepaper, healthcare providers can increase collection rates to over 90% and decrease billing expenses, both of which contribute to wider operating margins and a healthier bottom line.
Healthcare co-payments now account for 20% of total revenue in the typical physician practice, but providers who have not adopted the current set of industry best practices generally only collect 50-60% of these payments. By implementing the best practices in this whitepaper, healthcare providers can increase collection rates to over 90% and decrease billing expenses, both of which contribute to wider operating margins and a healthier bottom line.
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