Watch for Loopholes
Adopting a targeted collections strategy
Control collection costs
Monitor, benchmark, improve
Nowadays, patients are becoming responsible for increasingly larger amounts of their medical bills. The combination of changing co-insurance requirements and increasing co-pays and deductibles have led to this situation.
To prevent the possibility of non-payment, medical practices should always attempt to collect payment when the service is rendered. However, when both the patients and practice do not know exactly how much their co-insurance or deductible is, all of the money may not be collected. Patient collections, therefore, requires both skill and experience.
Wonder Worth Solutions features a patient invoicing system that is inclusive of the entire billing process. Our system can send out as many invoices as necessary to collect co-pay and self-paid accounts. We automatically contact patients, taking the process out of your hands.
Since we are a third party, we can aggressively, yet courteously, manage the entire billing process, and, when needed, referring the account to collections through a reputable national agency.