Unit 2 First Response Needed 1

The first option in successful debt collection is to change old or outdated policies and procedures.  If you keep old or outdated collection techniques, bad debt will continue to increase. Another way of reducing or collecting bad debt is to engage the patient upfront or at the point of service. One way to do this is by screening the patients to determine if they are able to qualify for some programs which may be able to help pay down debt (Mathur, 2016). This way they will be given the same quality of care, without either party incurring such a large debt. Some hospitals or clinics are asking for payment up front or in advance.  This can be done by means of a credit card, pay pal or health care credit companies. Training your collections department is also crucial in the collections process.  Educating the patient whether this is through counseling, pricing transparency or a combination of both, a well-informed patient is a patient who pays their bills and can make better decisions about which bills they should incur (Mathur, 2016). Lastly, the key to a good collection program is first to identify which patients can be collected from immediately, and how much can be collected (Gapenski & Pink, 2011). Several hospitals use a Third Party Billing and Collection Agencies, but you must make sure that the collection agency is adhering to all Federal and State laws.  Personal contact with the patient will also assist in the collection process.  Patients want to be treated with respect and not just an account.  If you give the patient time to pay off the debt, this will likely increase your chances of collecting and reducing bad debt or charity care.  Putting patients on a payment plan can be an option for debt recovery. 

Mathur.R. (2016) Understanding the Impact of Bad Debt

https://eligible.com/community/understanding-impact-bad-debt/

Gapenski. L & Pink. G. (2011).  Understanding Healthcare Financial Management, Sixth Edition.

   Health Administration Press, Chicago, Illinois

 This Must Be Substantive To The Above Post With 1 Scholarly Reference. This Also Must Be Non-Plagiarized.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more