Don't Delay Collecting Money

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Gavin Walker
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Joined: Wed Apr 04, 2007 10:11 pm
Location: Springfield, MO
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Don't Delay Collecting Money

Post by Gavin Walker » Thu Dec 13, 2007 12:54 pm

Money is always easier to recover when collected as close to the time of service as possible. Ideally, the co-payment should be collected at the time of service or once the insurance company issues a remittance. To ensure timely collection, a statement should be sent to the patient as soon as the EOB is returned from the carrier rather than waiting until the end of the month to run statements.

The Cycle Billing feature of Medisoft Advanced and Network Pro allows you to easily run statements at any time during the month; weekly or even daily. We recommend you go ahead and print your statements right after entering your payments. The patient can then receive a statement for any balance they owe as soon as possible rather than waiting almost a month before they get a bill, forgetting the value of the service you provided. Providing patients with a statement as soon as possible reduces the time it takes for them to remit a payment.
Gavin Walker
Walker Tek Solutions, LLC
417-890-6777 x0
fax: 417-763-6386

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