Your furry, scaly, feathery, fluffy patients may have nine lives to spare, but your veterinary practice has just the one. When your livelihood is in danger due to outstanding debt on behalf of your patients’ “parents,” you’ve got to walk a fine line. While you don’t want to isolate or turn off your clients, you…
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You know it’s that time of the year when one of the parents in your office is suddenly much more popular. He or she is passing around a laminated cookie order form and suddenly, you see them everywhere. Little girls dressed in uniforms, covered in patches, hawking their treats. The names are exotic and unlike…
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With the nation hyper-focused on the world of healthcare, does the idea of having a large new pool of patients make you feel optimistic for the fate of your practice? It should, but be careful knowing that more patients may open you up to the problem of more debt. The Boy Scout Law may be…
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$65 billion in medical debt went uncollected in 2010. How much of that affected your practice? In our last post, we discussed 3 tips for collecting outstanding medical bills: setting clear expectations up front with patients, verifying insurance, and requesting payment at the time of service. In this post, we’ll talk about a couple more…
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When it comes to unpaid debts, the medical industry suffers. Did you know that on average a staggering 50% of every dollar billed to a patient goes uncollected? In 2010, that meant an estimated $65 billion in uncollected revenue! Part of this figure is made up of the uninsured, of course, but even among the…
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