BC Advantage - 2006 Issue 3

Tipping the Collection Scales in Your Favor

Payment Plans: Payment Plans are being used more frequently in medical offices and are an important step in recovering revenue that is owed to the office. Whoever is responsible for creating these plans in the office needs to be aware that the plans must be treated carefully to ensure that all parties are happy with the final outcome. When establishing a payment plan with a patient, there are some important elements to consider that make it successful. Below are some key points to consider:1. Ask the patient how many payments they would like to make in order to clear...

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