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Five Ways To Increase Your Radiology Practice Collections Several factors influence your radiology practice collections and improper management of collection measures that may lead to loss of revenue of your in-house practice. Therefore, it becomes important to evaluate your radiology A/R and collections regularly so as to observe any gaps in your collection strategy. To improve your radiology practice collections, here are some key factors you need to take into account.
To improve your radiology practice collections • 1. Make your patients know their payment responsibility • 2. Enhance collections with leveraging technology • 3. Train your staff to interact with patients regarding payments • 4. Manage your denials in a better way • 5. Concentrate on strategic growth planning
Conclusion: Along with the changing technology, it is a good decision if you are able to adapt to that technology. If capability of staff and size of your radiology practice is a major concern, then think of outsourcing radiology medical billing services to a renowned medical billing company that is highly qualified to handle end-to-end collection process and revenue cycle management for your radiology center. If you are one of the practices struggling to improve your collections, you can follow the solutions provided above. Still if you require assistance for collections enhancement, get in touch with 24/7 Medical Billing Services, the best medical billing partner for quick results and improvement at +1-888-502-0537.
About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 42 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice. Media Contact: 24/7 Medical Billing Services, Ohio: 28405 Osborn Road, Cleveland, OH 44140 Georgia: 3001 Greenfield Drive, Marietta GA 30068 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com