Collecting patient payments for your practice is essential
The financial health of your practice depends on the prompt collection of patient payments. But with patients facing stark increases in the cost of living, insurance premiums and out-of-pocket medical expenses, their ability to pay for their consultation on time may be affected. This could potentially have a negative impact on your business.
The best way to safeguard your practice against financial loss and bad debt in challenging economic times is to put a plan in place to ensure that payments are received easily and timeously. We’ve created an ebook that looks at 4 fool-proof strategies that you can start implementing immediately to help you keep your practice in the best financial health. This includes:
- Review (and update) your payment policy
- Upskill your team
- Use technology to your advantage
- Stay on top of the numbers
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