BC Advantage - 2011 Issue 4

Patient Collections Basics Part 3: Developing a Financial Assistance Program

If you've read parts 1 and 2 of this series, you know your payers and you've developed your financial policy.  Now you are ready to consider a financial assistance policy for those patients without insurance. Patients without insurance fall into one of three categories:1. Patients without insurance who have the ability to pay their medical bills but refuse to pay them.2. Patients without insurance who have the ability to pay their medical bills and are willing to do so.3. Patients without insurance who do not have the financial resources to pay their medical bills.Patients in...

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