“Medical Practices” Posts

How to Effectively Collect Patient Payments

How to Effectively Collect Patient Payments

Medical payments are complicated. A reported 76 percent of consumers were confused by bills from their health care providers in 2015. Now, with the health care market moving toward high deductible health plans (HDHPs), consumers are facing an increase in financial responsibility. Plans with higher deductibles have lower monthly premium payments, but consumers are responsible for paying for their care before insurance pays any benefits. It’s natural that patients are not only confused, but frazzled by their outstanding medical bills. The shift to HDHPs is making it more difficult for medical practices to collect payments. Studies reveal a 20…