Want to Learn How to Implement a Credit Card Program in Your Medical Office? Here’s How

One of the best decisions our practice has ever made, has been requiring parents to leave a credit card on file. We've done this since 2009 and it has really worked well for us. The most obvious advantage is that this policy reduces your practice’s account receivables. I also like the policy because it shifts the risk of not getting paid to another party, namely the credit card company – which is a far better entity to handle financial risk … [Read more...]

Want to Learn How to Implement a Credit Card Program in Your Medical Office? Here's How

One of the best decisions our practice has ever made, has been requiring parents to leave a credit card on file. We've done this since 2009 and it has really worked well for us. The most obvious advantage is that this policy reduces your practice’s account receivables. I also like the policy because it shifts the risk of not getting paid to another party, namely the credit card company – which is a far better entity to handle financial risk … [Read more...]

How to Decide on a Collection Company For Your Medical Practice

In our experience, collection companies do very little to help out with collection efforts. For starters, pediatricians' medical offices balances are generally small when compared to hospital charges, ER charges or even surgery charges. If you were in the collection business and got a commission for your efforts, would you try to collect on $10,000 or $100? In other words, our accounts are not high on the priority list. I also think that by … [Read more...]