Episode #88 What To Do About Patient Balances
NP Business Matters Podcast
English - March 16, 2024 19:00 - 23 minutes - 16.4 MB - ★★★★★ - 21 ratingsEntrepreneurship Business nurse practitioners business practice owner self-employed career leadership Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode #87 Corporate Transparency Act
Next Episode: #89 Specific Coding is good for patients and business
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
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