Revenue Cycle Management best practices is to collect money due from patients at the time of...
Revenue Cycle Management best practices is to collect money due from patients at the time of service. This is known as Point of Service (POS) Collections. Best performing hospitals collect 31% of POS Collections, but most hospitals only collect 16%. What are some methods to increase this percentage?
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train staff on how to ask for money due from patients at the time of service |
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invest in a Practice Management system that accurately tracks the amount of money due from patients. |
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ensure hospital policies outline patient responsibilities at the time of service |
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both a & b |
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all of the above |
Homework Answers
Some methods to increase this percentage are all the above options .
- train staff on how to ask for money due from patients at the time of service
- invest in a Practice Management system that accurately tracks the amount of money due from patients.
- ensure hospital policies outline patient responsibilities at the time of service
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