Due to the increase in high deductible and high coinsurance policies, it is now more important than ever to closely manage your patient collections process. Physicians Resource helps you improve patient collections with various tools.
In summary, what we wish to provide you is an ability to close the book on every insurance claim by utilizing this service only on those specific and few claims requiring this type of additional effort.
We will provide this at a fee which frankly is not possible for your practice or your staff to approach, not even considering the impact and effectiveness of our national collection program.
You typically file tracers and make phone calls to the insurance companies but, unfortunately receive marginal response. This small percentage of claims may remain uncollected for months!
Since you are not setup as collection agency to deal with these unpaid accounts, you're often faced with two difficult choices. Write off the unpaid accounts or refer them to a hard-core collection agency. In which case your practice looses 35 to 50 percent of the value of the claim.
Additionally, your practice will most likely loose the patient as a client. Harsh collection measures usually result in the loss of patient goodwill.
RECOVER MONEY FASTER:
Unlike other collection agencies, past-due accounts are instructed to pay you directly. We collect from both patients and insurance companies.
SAVE ON INTERNAL & COLLECTION COSTS:
Reduce internal costs by as much as 30% and your collection costs by as much as 50% by using our collection system.
RETAIN CONTROL, PATIENT LOYALTY & GOODWILL: