Why Healthcare Professionals Need Automated Electronic Payment Systems
We aren't living in the Stone Age.
We aren't cavemen.
So, why do so many medical professionals act as if they are with traditional billing methods? We live in a high-tech, modern world and statement billing is not the way to go if operating an efficient, busy practice is the goal.
Almost every other industry has embraced automated electronic payment systems and it is time for medical professionals like chiropractors, dentists and veterinarians to step into the 21st century.
There are various benefits to using an electronic payment system that is automated.
When physicians decide to use automated payment plans with their patients, they have a lot to gain.
Here's just a few of the countless reasons why doctors and other medical professionals really need to start living in today's tech-savvy world: 1.
Increased Number of Patients - More often than not, especially now with the unemployment rate being so high and the fragile economy, patients do not seek the care that they need.
If there was the chance of medical credit - even for those with poor credit - that would allow them to receive treatment now and pay the treatment out in small monthly payments, more patients would schedule appointments and get the medical care that they need.
2.
Increased Case Acceptance - Aside from just getting more patients, it's more likely that patients will accept a proposed treatment plan now rather than waiting months, or maybe even years, to receive that treatment.
Because many patients have little to no health insurance, automated payment plans make it easier for patients to receive the treatment that they need without worrying about paying one large sum up-front for the treatment.
3.
Stabilizes Collection During Downtime - All professions have their slow times of the year, including doctors, therapists, dentists and other medical professionals.
With an automated payment plan system, collections are stabilized during this time allowing providers to collect more money and budget more effectively.
Statistics show that most doctors do not even collect 49% of what they are owed by their patients whereas with an automated payment plan to finance care, the rate of collection can rise to over 90%.
4.
Decreased Overhead - Because you would be opting to no longer send out numerous billing statements or make phone call after phone call to attempt to collect debts, you can save money on staff and postage not to mention time and stress.
5.
Affordability for Patients - Most healthcare providers would love the fact that an automated payment system that doesn't involve a credit check would allow them to make their services more affordable, so that practically no one has to be turned away when they need medical services.
Technology is our future and we all need to embrace it, especially healthcare professionals.
Now is the time to catch up and start helping your business grow with electronic payment solutions.
Improve your business by ensuring your medical care is affordable and available to everyone.
We aren't cavemen.
So, why do so many medical professionals act as if they are with traditional billing methods? We live in a high-tech, modern world and statement billing is not the way to go if operating an efficient, busy practice is the goal.
Almost every other industry has embraced automated electronic payment systems and it is time for medical professionals like chiropractors, dentists and veterinarians to step into the 21st century.
There are various benefits to using an electronic payment system that is automated.
When physicians decide to use automated payment plans with their patients, they have a lot to gain.
Here's just a few of the countless reasons why doctors and other medical professionals really need to start living in today's tech-savvy world: 1.
Increased Number of Patients - More often than not, especially now with the unemployment rate being so high and the fragile economy, patients do not seek the care that they need.
If there was the chance of medical credit - even for those with poor credit - that would allow them to receive treatment now and pay the treatment out in small monthly payments, more patients would schedule appointments and get the medical care that they need.
2.
Increased Case Acceptance - Aside from just getting more patients, it's more likely that patients will accept a proposed treatment plan now rather than waiting months, or maybe even years, to receive that treatment.
Because many patients have little to no health insurance, automated payment plans make it easier for patients to receive the treatment that they need without worrying about paying one large sum up-front for the treatment.
3.
Stabilizes Collection During Downtime - All professions have their slow times of the year, including doctors, therapists, dentists and other medical professionals.
With an automated payment plan system, collections are stabilized during this time allowing providers to collect more money and budget more effectively.
Statistics show that most doctors do not even collect 49% of what they are owed by their patients whereas with an automated payment plan to finance care, the rate of collection can rise to over 90%.
4.
Decreased Overhead - Because you would be opting to no longer send out numerous billing statements or make phone call after phone call to attempt to collect debts, you can save money on staff and postage not to mention time and stress.
5.
Affordability for Patients - Most healthcare providers would love the fact that an automated payment system that doesn't involve a credit check would allow them to make their services more affordable, so that practically no one has to be turned away when they need medical services.
Technology is our future and we all need to embrace it, especially healthcare professionals.
Now is the time to catch up and start helping your business grow with electronic payment solutions.
Improve your business by ensuring your medical care is affordable and available to everyone.