Collections are now at $540,000 monthly

January 1, 2014

Issue Date: January 1, 2014

Table of Contents

95% of revenue collected at time of service: Exceed ‘low hanging fruit’
Find better fit for struggling collectors
30-minute session sharpens skills
Price estimate is biggest challenge
Collections are now at $540,000 monthly
These collections tips are tried and true
Collections to top $8 million in 2013
1% of net revenue: Tools needed to do it
Patients to have Web, bedside pay options
Teach staff to fix collection mistakes
Have staff members learn from top collectors
Training is key to pre-service center
Offer incentives to top collectors
Provision of Obamacare fuels sticker shock

Financial Disclosure: None of the authors or planners for this educational activity have relevant financial relationships to disclose with ineligible companies whose primary business is producing, marketing, selling, reselling, or distributing healthcare products used by or on patients

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