Collection Agency Offers Sound Advice for Medical Practices in the Spirit of National Doctor's Day

Collection agency American Profit Recovery has long provided diplomatic and affordable solutions to the age old problem of medical collections. National Doctors Day is recognized on March 30 and APR once again offers advice for medical practices to stay on top of cash flow.

National Doctors Day celebrated since 1933 but signed into law on March 30, 1990 is a way to celebrate the contributions doctors make to our society as well as recognize the enormous financial investment people make to become a doctor. When doctors go out into a practice, they are often faced with the issue of patients not paying for services for any number of reasons.

A medical practice demands a diplomatic and affordable solution to managing their accounts receivables as well as diligent internal accounting procedures. American Profit Recovery offers these simple tips for medical and dental practices to manage their late-paying patients. A video on the subject of medical collection can be seen here:

Always invoice on time for services. A small practice can fall behind in their billing due to a lack in staffing but a regular time each week to invoice is vital to keeping up on accounts receivables and keeping patients coming back.

If possible, secure fees for services at the time of the patient visit. Many medical practices have signage in their waiting rooms that indicate this policy but many do not follow through. Ask nicely before the patient leaves if they would like to take care of the fees now.

As many medical practices do not want to lose a patient, find a reputable collection agency that not only pledges a diplomatic approach to contacting patients on your behalf but also offers a low-cost solution so when it comes time to send a patient to a third-party collection agency, it actually saves the medical practice money.

“Most doctors we encounter have the goal of keeping a good relationship with their patients as their top priority,” states Jeff DiMatteo, a partner at American Profit Recovery. “Issues such as past due fees can sometimes get in the way of the trust that a doctor or dentist needs to have with the patient so we suggest a regular schedule of invoices coupled with help from a diplomatic collection agency.”

American Profit Recovery is a collection agency with offices in Massachusetts, Michigan and North Carolina. With early intervention and a strong focus on diplomacy with consumers, APR works hard to preserve the relationship between client and consumer.