In the healthcare industry, financial collections are an unavoidable aspect of maintaining a sustainable practice. However, the sensitive nature of medical services requires a delicate balance between pursuing payments and preserving the patients’ trust and satisfaction. Successfully navigating this balance is crucial for the practice’s long-term success.
Various strategies to address cash flow problems in oncology practices are presented, such as tracking lapses in the revenue cycle, ensuring that the front office staff is collecting payments at the time of service whenever possible, and keeping a close eye on what has been charged on the practices credit card. Read More ›
