Mind the billing banana skins

There are many variables to be considered when taking on practice billing – not least having enough focused time to concentrate on both raising the invoices and chasing the debt. Findlay Fyfe highlights some of the biggest stumbling blocks for many doctors and their practices.

billing-banana-skinsOops! It is all too easy for practices to slip up badly when they lose control of their debt. Banana skins abound – so watch out.

When we at Medical Billing and Collection take over a practice, it has an average bad debt rate of 6%-12% compared to 0.5% for our more than 1,000 consultant customers.
On average, we are finding our methods can help raise fees by between 7%-20%.

Beware of these banana skins: