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4 strategies for managing self-pay patients

Collecting from patients who pay out of pocket can cost ASCs three times as much as collecting from those with commercial insurance, according to Mnet News.

Four strategies for collecting from self-pay patients:

1. Make it easy for patients to manage their bills and pay for elective procedures in advance.

2. Partner with a revenue cycle management company that offers financial counseling and automatic enrollment in payment plans.

3. Leverage automation to collect past-due medical debts, minimize human error, increase productivity, cut costs and improve efficiency.

4. Pinpoint trends in patients' payment behaviors to personalize the process.

More articles on coding, billing and collections:
Tennessee lawmaker among defendants federal government plans to sue for pain center-related billing fraud, Stark Law violations: 5 things to know
Medical malpractice insurer wins coverage case against surgery center
How Great Lakes Surgical Center ensures patient responsibility collection on the day of surgery: 3 Qs with Administrator Allison Stock

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