Medical Bill Collections:
Cash Flow Options For Your Practice in a Bad Economy

Medical bill collections are on the increase during this troubled economy.

The changing face of the health care industry is having an adverse effect on both patient and provider. Patients faced with increased health care costs often find themselves overwhelmed with medical expenses. For the provider, negotiated authorized charges and skyrocketing malpractice and liability expenses are squeezing profit margins.

The state of the economy is such that medical debt is on the rise. Contributing to this trend is rising unemployment, decreasing disposable income, more home loan delinquencies and subsequent foreclosures, and at a time when health insurance deductibles and co-payments are increasing.

Not to mention the 47 million Americans who can't afford health insurance. These uninsured place an even greater burden on healthcare providers when they can't afford, or simply don't pay for medical services provided.

Medical bill collections increase as doctors and other providers struggle to run their practice while waiting to get paid from slow paying patients, and waiting to get paid from insurance companies.

In fact, its not uncommon for insurance repayment to take from 60 to 120 days. Or even longer!. As a medical provider, you shouldn't have to choose between gross revenue and cash flow!

Outsourcing your medical bill collections to third party collection agencies can greatly increase the cash flow to your practice. This option is even more attractive and cost effective, when considering the decreasing availability of business credit lines.

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