PracticeForces Shares Ways To Improve Self-pay in Your Healthcare Facility
The professional team at PracticeForces has spent almost 20 years uncovering ways to lower claim denial rates, clean accounts receivable, and improve coding accuracy by no less than 98%. Doing so improves the flow of funds between patients, providers, and payers while helping providers spend more time with patients.
The Clearwater, FL, team plans to create the same effortless payment option for patients through self-pay healthcare, improving patient safety and comfort. Below are the top three methods for enhancing this payment option.
1. How Do the Proper Tools Help Self-pay Patients With Estimation?
Healthcare costs are usually unexpected and always a burden. Out-of-pocket deductibles or no insurance coverage may cost up to $10,000. What’s worse is the initial shock of immediate payments.
Determining the processes necessary and estimating total costs beforehand helps patients prepare financially. This process also includes examining insurance eligibility and assistance to give patients an accurate number, raising the provider’s chances of obtaining timely payments.
Can Providers Use Estimation To Come Up With a Payment Plan?
Unfortunately, depending on a patient’s current employment status, social class, or cost of health services, they may require more than a simple heads-up concerning payment costs. While some self-pay patients save up at least 50% of total costs before treatments, others using self-pay healthcare benefit from payment plans. They pay in increments rather than a lump sum up front, calming their nerves.
2. Is Prioritizing Convenience a Factor in Self-pay Healthcare?
Even those who have the funds may not pay promptly out of inconvenience. If they have to return to the hospital or send a check by mail, patients are more likely to forget or put it on the back burner. Instead, introduce payment arrangements online to view assistance from insurance companies, out-of-pocket expenses, and all services rendered alongside paying their bills at any time.
3. Can Patients Still Pay Cash Prices for Health Services in Person?
While online payments make paying through a patient portal simple and effective, others prefer to do so in person. Training all staff members to discuss self-pay healthcare on the spot eases patients’ minds and provides vital information about their financial status and payment options. It also offers convenience by turning each service spot into a place to pay cash prices.
PracticeForces has certified billers and coders that approve these top three methods for patient satisfaction and provider approval. Not only are they more efficient, but they better guarantee prompt payments.
The team, located in Clearwater, FL, 33761, ensures any practice runs smoothly, using daily to monthly reports on all transactions. For more on how they’ve achieved over 500 ecstatic providers and an A+ BBB rating, contact PracticeForces to discuss self-pay healthcare at (727) 499-0351 today!
If you want to learn more about how to improve digital patient engagement, read about it here.
