Help ensure patient payments by accepting credit cards
If your physician practice is like many others, then every month you have balances due from patients who haven't paid you. You might not be able to eliminate outstanding balances, but accepting credit cards can help you decrease them and increase your monthly revenue. Many practices don't accept credit cards, which have a reputation of being burdensome and expensive. But holding out for cash can cost you big money. Monthly revenues at one New Jersey practice increased by about $2,000 after it started accepting credit cards. Facilities across the country are enjoying similar results.
- Why Is Healthcare Price Transparency So Hard?
- EHR Spending Continues, But Jury Still Out on ROI
- Adverse Events from Insulin Prescribing 'An Epidemic'
- 5 Hot Healthcare Ideas from SXSW
- Care Coordination a Cost-Cutting Quality Driver
- Hospital Groups Strike Back at Hospital Rating Systems
- Use of Locum Tenens Up 22% in One Year
- Payers Detail Strategies That Drive Consumer Satisfaction
- Hospital CEO Turnover Hits Record High
- The Secret to Physician Engagement? It's Not Better Pay