If you have a medical or healthcare practice, working with healthcare collections might be the solution you need. Are you spending more time than you’d like, or even realize, worrying about financial matters such as patient collections and client billing? If so, you, your nerves and your business are much better off leaving the job to the professionals at debt collections agencies such as Capital Recovery Corporation (CRC), rather than tackling this stressful management task on your own.
Here are a few solid reasons to consider outsourcing, from hospital healthcare providers to private and small business health systems:
Happier Patients When Businesses Use Debt Collections Agencies
Just like your patients aren’t medical experts, neither are they medical billing experts, which means they might not be able to easily decipher their billing statement. By working with the right debt collections agencies, your patients will have an easier time understanding what they’re paying for and why resulting in a higher degree of satisfaction. Satisfied patients are more likely to take care of their bills on time and keep coming back to you again and again. Healthcare collections can be tricky. Your patients will be less confused when communicating with a debt collection agency skilled and experienced in the complexities of the health system.
Save $$$ with Medical Debt Collectors
It costs money to print statements and mail them, money that’s better spent funneled back into your business. Outsourcing allows you to save that money and use it as you wish, such as building your practice and taking even better care of your patients, rather than wasting time trying to manage your patient financial revenue cycle.
Better Organization with Healthcare Debt Recovery Services
Organization is key to keeping a business going strong, no matter the industry. In terms of medical collections and billing, outsourcing with debt collections agencies makes it easy for you to organize and monitor both outgoing and incoming payments.
For instance, we make it simple for you to see when payments come in and categorize them as you wish with customized client and patient portals. You’ll also be able to easily see which medical statements have already been sent out as well as received by the patient or those that have gone missing, and the same applies to statements sent electronically. Not only is this efficient, but it also provides you with deeper insight into how your patients prefer to receive and send payments, allowing you to meet their needs on their terms.
Save Time on Returned Mail with a Medical Debt Collections Agencies
Sometimes, patients move without informing you, or maybe they accidentally provided you with an incorrect address. In either case, hospitals nor private medical practices can waste time figuring out what went wrong and sending out a new statement. Leave the job to a healthcare collections expert who gives you access to resources you likely don’t have, resources that can quickly find out current and correct addresses.
Eager to see how much time, money and productivity you can recover by leaving medical collections and billing to someone else? Contact us here at Capital Recovery Corporation today to learn more and have an easier time fulfilling your business potential.