Combat declining reimbursements. Follow these 11 tips.
Researchers estimate that interactions with insurers cost a whopping $82,975 annually per physician. That’s a hard pill to swallow especially in today’s environment of declining reimbursements. The good news is that your pediatric practice can take steps to collect more of what you’ve rightfully earned.
Here are a few ideas from Revenue Cycle Improvement Strategies: How to Combat Declining Reimbursements to get you started:
- Incorporate an automated process for insurance coverage and benefits eligibility
- Keep patients informed and engaged so they don’t encounter any financial surprises and you increase the probability of getting paid
- Offer payment plans for those who cannot pay in full, but require a down payment
Learn other innovative ways to improve your practice’s reimbursements. Fill out the form to receive your eBook today!