7 Essential Elements for Patient Billing Statements That Pay Up - PowerPoint PPT Presentation

About This Presentation
Title:

7 Essential Elements for Patient Billing Statements That Pay Up

Description:

RCM Brutal Facts: If your eye care practice is like most physician practices, you collect only 35 percent of fees due from patients at or before their office visits. And with high-deductible plans becoming more common, more and more of your practice’s revenue is coming out-of-pocket. – PowerPoint PPT presentation

Number of Views:1
Slides: 3
Provided by: eyecareleaders
Category: Other
Tags:

less

Transcript and Presenter's Notes

Title: 7 Essential Elements for Patient Billing Statements That Pay Up


1
  • 7 Essential Elements for Patient Billing
    Statements That Pay Up
  • RCM Brutal Facts If your eye care practice is
    like most physician practices, you collect only
    35 percent of fees due from patients at or before
    their office visits. And with high-deductible
    plans becoming more common, more and more of your
    practices revenue is coming out-of-pocket.
  • Lets put aside for a moment all the things your
    practice can do to collect more revenue up front
    to focus on a single piece of paper thats
    probably bottlenecking your revenue cycle your
    eye care practices patient billing statement.
  • Ive been working in or writing about the health
    care business for a total of 20 years. I have a
    PhD. And yet few things confuse me more than the
    health care bills I receive at my house. I must
    study the statements long and hard to decipher
    how much I owe. Many times the billing statements
    I receive are so ambiguous Im not even sure if
    any action at all is required from me.
  • True Confession Sometimes Im so befuddled I
    just put the paper aside on my desk, hoping Ill
    receive another statement that spells things out
    more clearly. And that moment I put the paper
    aside adds unnecessary days to someones revenue
    cycle.
  • All kinds of physician practiceslarge and
    smalltake care of my four boys, my husband, and
    me. Im gobsmacked that almost all of them make
    the simple mistake of making it as confusing as
    possible to pay what we owe. So take a look at
    the patient billing statements your practice or
    your billing company sends. Step outside of
    yourself for a minute. Could your mother
    understand it if she received it? What about your
    dimmest neighbour? Can you?
  • Here are 7 things you can do to clarify your
    patient billing statements, recommended by HFMA
  • State clearly that its a bill so that your
    patients dont confuse it with an EOB or any
    other of the non-actionable statements they
    routinely receive from health care entities. Use
    phrases like Bill for Eye Care Services for your
    5/14/2015 visit. Use arrow graphics with phrases
    like Please pay this amount.
  • Briefly describe the services being billed. Avoid
    medical codes and medical jargon.

2
  • Clarify what insurance is expected to pay. The
    bill should list the patients primary and
    secondary insurance, as well the amount pending
    from insurance.
  • Show clearly what the patient is expected to pay.
    Label the amount
  • due from patient.
  • Supplement the itemized, business part of the
    statement with clear directions in plain English.
    HFMA suggests, Thank you for using insert your
    Eye Care Group here. Your satisfaction is our
    primary concern. We have billed your insurance
    company however, there is a remaining amount, as
    shown. Please send the amount shown to the
    address above. Again, thank you for visiting us.
  • Let your patients know how they can ask questions
    about their bill. In addition to the address
    where they should send payment, include a phone
    number. Supply the office hours when someone will
    be answering the phone.
  • And most importantly for patients experiencing
    vision problems (and everyone else too), make
    your statement easy to read. Here are a few
    prints readability tips from some good graphic
    designers I know
  • Use a plain white background.
  • Use a clean layout.
  • White space is easy on the eyes.
  • Use as large a font as you can.
  • Choose a sans serif font like Ariel.
  • Avoid italics.
  • Watch the leading (space between lines of text)
    and tracking (space between letters). If theyre
    too tight, your statement will be difficult to
    read.
  • Use ragged right margins. If you choose justified
    right margins,
Write a Comment
User Comments (0)
About PowerShow.com