24 min
Episode #88 What To Do About Patient Balances NP Business Matters Podcast
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- Entrepreneurship
Do you have a fair amount of outstanding patient balances and difficulties collecting?
Well, you’re not alone. It’s common, particularly in small practices, to struggle with collecting money from patients.
Most patients never blink an eye when asked for their co-pay, deductible, or other balances. They do everything they can to pay on time and in full.
But there seem to be a few who just don’t want to pay… ever.
It’s the 80/20 rule at work… 80% (or more) pay every time, but 20% of patients (or fewer) kick and scream when asked to tap their card or write a check.
So what's an NP to do?
Show notes at https://npbusiness.org/88
Don't miss the upcoming webinar on May 16, 2024 on Privacy Matters.Learn more at NPBusiness.org/privacymatters
Find us on Social:
Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness
Do you have a fair amount of outstanding patient balances and difficulties collecting?
Well, you’re not alone. It’s common, particularly in small practices, to struggle with collecting money from patients.
Most patients never blink an eye when asked for their co-pay, deductible, or other balances. They do everything they can to pay on time and in full.
But there seem to be a few who just don’t want to pay… ever.
It’s the 80/20 rule at work… 80% (or more) pay every time, but 20% of patients (or fewer) kick and scream when asked to tap their card or write a check.
So what's an NP to do?
Show notes at https://npbusiness.org/88
Don't miss the upcoming webinar on May 16, 2024 on Privacy Matters.Learn more at NPBusiness.org/privacymatters
Find us on Social:
Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness
24 min