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Medical Offices Feeling Pain of Weakened Economy
Date:4/7/2009

rly 30 percent of practices dedicate five to ten hours a week collecting from patients, while another 11 percent spend more then 10 hours on the same task. Additional time is spent sending out reminder notices.

"As insurance companies continue to reimburse doctors less and less for procedures and the patient financial responsibility increases, it becomes critical that doctors implement new payment technologies if their practices are going to remain viable," says Crooks. "To help combat this issue, we offer EasyPay, an patient receivables management software product that solves the problem of collecting patient balances utilizing advanced credit/debit card capabilities."

Easy Pay provides patients with additional payment options while helping the provider control the patient payment process. A key component of Easy Pay allows the provider and patient to agree on a maximum "signature on file" amount and later automatically process a transaction for payment when the patient payment amount is finally determined. An automatic email receipt can be sent to the patient for all transactions processed. The doctor is paid immediately without any bad debt exposure, billing costs, or collection expenses.

Patients like credit/debit cards because of the convenience they offer. In the case of credit cards, patients typically receive free miles or cash back from their bank...or other premiums. Additionally, they can time their payments with their financial resources.

"EasyPay makes the bank the banker...and relieves the medical office of the burden of collecting from patients It's the fastest and most cost-effective way to collect from patients...especially in today's economic climate," says Crooks. "For patients with the capacity to pay, the easy prescription is to utilize credit card signatures-on-file. Forget billing patients because patients typically pay their doctor last - it's a waste of time and mo
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SOURCE EasyPay Solutions
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