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Improving Point-of-Service (POS) Patient Collections

Improving Point-of-Service (POS) Patient Collections<br><br>MBC offers medical billing services that can help your practice earn a healthier revenue cycle and increase your rate of patient payments.<br><br>If you need assistance in increasing your patient and insurance collections, contact us at info@medicalbillersandcoders.com/ 888-357-3226<br><br>Read More About how to enforce POS Collections in your practice: https://www.medicalbillersandcoders.com/blog/improving-point-of-service-pos-patient-collections/<br><br>#patientcollections #medicalbillingservices #insurancecollections #patientpayments #physicianpractices #

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Improving Point-of-Service (POS) Patient Collections

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  1. Medical Billers and Coders Improving Point-of-Service (POS) Patient Collections

  2. Increased Patient Financial Responsibility In the current healthcare climate, more and more patients are opting for high-deductible healthcare plans resulting in increased patient financial responsibility. Due to high deductible healthcare plans patients has to make large out-of-pocket payments to receive treatment. Few years before physician facilities, and hospitals were not that dependent on patient portions as they are today. As per the Insta Med report, three-quarters of providers reported a boost in patient financial responsibility in 2016. This hurts a facility’s revenue cycle, which could be millions of dollars of missed revenue. Focusing on patient insurance coverage and improving point-of-service (POS) patient collections becomes crucial.

  3. Improving Point-of-Service Patient Collections • Increase Price Transparency • Improve Internal Communication • Train Staff on Financial Responsibility • Provide Electronic Payment Options

  4. Email : info@medicalbillersandcoders.com Fax no: 888-316-4566 Toll Free no: 888-357-3226 AddressWilmington, 108 West, 13th street, Wilmington, DE 19801Texas, 539 W. Commerce St #1482 Dallas, TX 75208

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