According to a CNBC report, medical bills were the biggest cause of U.S. bankruptcies in 2013, with an estimated 2 million people impacted. So what’s the best way to collect unpaid patient balances? The goal is to spend less time on outreach through automation and more time handling responses from patients, resulting in more collections. Check out these five tactics for resolving past due balances:
Often times patients simply need a nudge to make a payment on past due accounts. To learn more about how to solve revenue cycle challenges, check out our Optimizing Revenue report.