Medical Practice Management
Aug 27

Collect those copays up front

Up front you say? Isn’t that standard operating procedure in all physician offices? Yes it’s standard operating procedure but what about collecting the patient copayment BEFORE they are escorted to the exam room. In other words, the copayment is collected when the patient checks in for their appointment.

This is not standard operating procedure in most physician offices believe or not. Speed up your cash flow and better your front desk copayment collection percentage by implementing this strict policy. Some offices even make the patient reschedule their appointment if they can’t pay their copayment before seeing the physician (in non-emergency cases of course).

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →