Taggart Property Group Blog

As we all know, the healthcare landscape is flush with high-deductible plans, and one of the unintended consequences is that patients have a higher expectation of care since they are paying more out of pocket. When you think about it, this position makes sense...so what can private medical practices do to capitalize on this newer trend? Here are some easy, low-cost ways to improve patient satisfaction, and therefore decrease chances of a lawsuit or losing patients…some of them may even improve patient collections!

It’s a high-deductible world out there now, and what that means for private medical practices is that patient collections are becoming more and more important. Not only do you need to streamline payer-practice relationships, but it’s now necessary to have a reliable process in place to collect from patients as well. Here are some tips to help improve your financial bottom line when it comes to copays, coinsurance, and other patient liabilities.