Welcome back to another edition of Secure Bill Pay's video blog. Today, we're raising a question that healthcare facilities should feel confident answering: Is your facility an early adopter of patient payments success?
There are plenty of options out there for accepting and processing patient payments, and not all are created equal. A basic, limited system for accepting payments can help your facility get by, but that approach doesn't position it for long-term success. Adopt a strategy to ensure your facility can consistently capture the revenue it's owed, and you can enjoy a stronger financial outlook and more security moving forward.
An advanced payment solution that can reliably and securely take in payments made in person and online is critical. So is the ability to offer payment options that both appeal to patient preferences and reduce instances of partial or non-payment, like self-service online payments and pre-authorized payment plans. The results are clear, too. Our clients realize an 18-percent reduction in their accounts receivable on average, a significant and positive change that makes the need for early adoption of the right payments solution clear.