SYNAPSE HANDLES COLLECTIONS WITH ACCURACY, EFFICIENCY, AND TRANSPARENCY
Patients, healthcare providers, and insurance companies often get caught in an entanglement between medical bills. Exhausted and confused, it takes all parties a lot of energy to understand the costs for different procedures – what is and is not covered by insurance. This presents a compounding issue if a patient has received medical care from multiple providers, causing overwhelming stress. With Synapse, when medical bills go to collections, everyone has complete control over their financial health and independence.
Understanding How Collections Work
Unexpected medical needs, out-of-pocket insurance costs, billing errors and coverage disputes, and unexpected out-of-network charges can cause unpaid medical bills. Most patients pay down by making regular payments, but it won’t guarantee they avoid collections. If it’s not paid off in an acceptable time frame, the bill will be sent to collections. As a result, it can be reported to credit bureaus and hurt one’s credit score, causing difficulty in getting loans, buying a house, or having a low-interest credit card.
An outsourced medical billing provider can help ensure that collections are done efficiently and accurately through appropriate measures. Instead of straining the patient-physician relationship with money issues, Synapse can relieve financial stress and assist with your profit margin. The increase in revenue occurs when we give patients a clear understanding of what will be owed.
Benefits of Outsourced Medical Collections
If your practice has to work as a debt collector, healthcare provider, and customer service all at once, it can be very overwhelming. Outsourcing a medical billing company is necessary if you wish to save time and money from following up on bills and collecting payments from overdue accounts. Below are the benefits of an outsourced medical billing collector such as Synapse.