Educate Patients on Billing Policies to Improve Your Bottom Line by Jonathan May, B.S.N., R.N.
In no other industry are the consumers of goods or services so unaware and uninvolved in the reimbursement for the goods or services received. The United States healthcare industry has created and allowed to perpetuate a ?hands-off? compensation approach that has created a consumer mentality proving quite difficult to change. In this article, the author describes the origin of this outdated approach and suggests a restructured office and clear communication with patients as starting points to change this deep-rooted mind-set. He describes how an up-front approach to patients? financial responsibilities and proactive staff can help reduce miscommunication between provider, patient, and insurance carrier and improve your practice?s cash flow. The author also suggests that the patient?s financial burden will continue to increase and offers tips to maintain positive patient relationships, improve your accounts receivable management, and protect you financially.
