A pre-payment plan may seem like an even more advantageous option than a monthly payment plan—the provider gets his/her money up front and eliminates the worry over whether s/he will be paid. While there are some advantages to a prepayment plan, advance payment can also be a quagmire of potential problems. This ‘conversational style’ training...
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The Good, the Bad & the Ugly For decades, practice management companies and coaches have suggested that when patients pre-pay financial obligations to the practice, it somehow results in greater retention. Unfortunately, collecting for services in advance can easily run afoul of compliance regulations and Medicare rules. Positive Aspects A segment of the population wants...
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