The waiting room is overflowing with patients, but so is your overdue receivables. More than 30 percent of Americans don't have health insurance. Those that do still often pay 20 percent. Many doctors don't collect 50 percent of the monies owed them. Indeed, one doctor said 69 percent of his receivables were more than 90 days past due. Many doctors often carry tens of thousands of dollars on their books, knowing there's a good chance they'll never see this money.
EFT allows for electronic transfer of funds from your patient's bank account directly into your account! This electronic transfer process is also known by the following names: Funds Sweep, Direct Debit, Direct Credit, and Direct Deposit, Automatic Checking, Automatic Payment, ACH Processing, etc.
PPM has extensive accounting and finance expertise and can provide a complete accounting and bookkeeping solution for your practice. Our services including bank reconciliations, claims billing and collections, bill payment, credit card management, payroll processing, partner distribution calculations and more. You would have full access and transparency to all your financial records and will receive profit and loss, balance sheet, cash flow and any customized financial reports as often as you desire, i.e. daily, weekly, monthly, annually, etc.
Moreover, with our strong relationships with CPAs, banks, leaders, medical vendors, merchant vendors, etc., PPM can also assist with a variety of ancillary financial services such as vendor or lease negations, obtaining financing for capital asset purchases or working capital, business valuations, medical expense benchmarking and more.
Click Here for details on how to receive FREE State-of-the-Art Practice Management Software.
Are you losing money because of inaccurate billing? Enjoy free CPT and Billing Cost Analysis. We'll provide you with a detailed report indicating any possible loss of revenue.