Maximizing patient collections is key to the success of a chiropractic practice. With the continuing shift of treatment costs from insurance plans to patients, collecting patient balances is an important component of revenue cycle management. Collecting patient balances might be easier said than done as the cost of healthcare is rising and the patient financial responsibility that is growing with it.
Chiropractic practices must implement an effective payment collection protocol to avoid losing out on much-needed revenue. To improve your rate of patient collections, it’s time to restructure your revenue cycle management process and implement this 5-step protocol to improve patient payment collections and reduce outstanding patient balances.
Download this whitepaper – 5-Step Protocol to Increase Patient Collections – to know:
- How to implement effective strategies for improving patient payment collections.
- Why it is important to collect insurance details and how to collect accurate details.
- How to increase patient collections in chiropractic practices
- Verify insurance eligibility and questions to ask payers during the verification.
- How to train your staff and educate patients.
- How to talk to patients about their financial responsibilities.
- How to streamline billing processes with patient collection and billing software.
- How to improve the success of your practice’s collection efforts.
- How to track everything and increase your monthly revenue.
- How chiropractic billing software can help you increase patient collections.
