One of the biggest challenge provider’s face today is collecting the past dues from the patients. A sudden upsurge in patient Co-Pay’s, Deductible and Co-Insurances makes patient the highest stakeholder in your revenue cycle. In healthcare the providers have to wait for months to get compensated after rendering valuable service.
MDBill’s goal is to contain the costs involved in collecting patient payments, which includes the traditional method of sending statements, phone calls and commissions to collection agencies. It will also help you eliminate writing off bad debts and enhance patient satisfaction by providing the patients a transparent process.
MDBill calculates the out-of-pocket cost for individual patients based on their individual insurance contracts. With accurate estimates at the time of visit, you can provide your patients with the cost-transparency they now demand. It’s much easier to request payment when patients can see what they owe.
A rise in patient balance has an associated relationship with increase in the collection cost. MDBill facilitates your office staff to collect the patients out of pocket expenses at the time of their visit. It not only reduces the statement costs but also increases the efficiency and cuts the delay in collection.
We know you’re busy and we want to enable you to begin immediately. Our implementation takes a few hours, not weeks or months. MDBill ensures a seamless process at the front desk. Improve patient balances without disrupting your workflow.
Patient satisfaction is considered to be the crux of healthcare business and our goal is to narrow the bridge by providing transparency in this process, which will further strengthen patient-provider relationship. Apart from enhancing the revenue stream we aspire an impeccable improvement in the customer service follow-ups.
Showing patients what they owe not only sets payment expectation, it also creates an immediate opportunity to collect the payment when the patient is in the office. Avoid chasing balances later by beginning to close them at the front desk.
Murphy’s Law was made for health care. We are a fully HIPAA compliant site and we have a full-time support team here to answer any questions you may have.