Three Tips to Grow Medical Practice Collections

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Three Tips to Grow Medical Practice Collections

We face challenges in every field of life! Now one of the biggest challenges many doctors face is to find ways to grow medical practice collections. In most businesses, collecting payment before delivering the service is quite logical. In medicine this is the opposite. The doctor looks at the patient first, and then the payment is collected as the patient leaves. Hence many physicians find themselves under constant pressure to get paid for their work. Finding ways to grow medical-practice collections has become a real tedious thing. Then was created the Affordable Care Act in 2010 (also known popularly as Obamacare) which shifted reimbursement models from the fee-for-service models to value-based payment modules. With these changes there might be a shift again in new directions. However these changes remain to be visible. Dr Sudip Bose said that it appears that the intention of the government to incentivize efficiency is great. Though it often leads doctors on a wild-goose chase for reimbursement.� Here we enlist three tips that can grow medical practice collections: 1) Ensure Medical Claim Precisely With more frequent denials of medical insurance claim, it is important to ensure correct information. Denials take many hours to deal with, which leads to increased time, cost, and frustrations for the physicians and the patient. To make sure about medical


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