If your medical practice is looking to improve its financial efficiency, you might consider an automated accounts receivable system. This technology can reduce the likelihood of costly errors and catch snags in your revenue cycle before they become serious problems.
One way you can more efficiently run an automated accounts receivable system is by determining a time in the process when the account changes from insurance to patient pay. You should also clearly communicate that information with patients.
While some see automation as human replacement, this is far from the truth. These systems still require trained, knowledgeable staff who can explain this technology to patients. In fact, automation can even improve your staff’s performance by helping them work faster and smarter.
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