One of the primary benefits of outsourcing portions of your Accounts Receivable management is that it can free up resources that can address other pressing needs in your organization.
Luckily, there are essential debt management strategies hospitals can use to improve self-pay collections.
Enhancing Point of Service collections through training and technology will help healthcare organizations with revenue cycle and patient experience. The increase in patient financial responsibility puts an even greater emphasis on collecting revenue early in the cycle, which serves dual purposes in enhancing collections while decreasing the cost of collection. From executive support to careful hiring to scripts and training, investments in Point of Service collections pays dividends.
Do you have any questions on enhancing your point of service collections and keeping your revenue cycle on track? If so, contact us today!