Pre - Payments Service from Financial Medical Partnership Limited
30 Dec 2007 by Mr. Mark Reeves MICM, Dr.C.A.Jenner MB BS, FRCA
Pre - Payments Service from Financial Medical Partnership Limited
Some clinics don’t warrant setting up credit card facilities due to the costs involved. Chasing up payments for self funding patients, before the patients are seen also takes time and effort.
Evidence suggests taking pre-payments for your self-funding patients encourages them to attend appointments, therefore less non attendance, if no notice for cancellation is offered by your patent, your in control as you hold pre-payment.
1st September 2007 to 31st December 2007 on average 63% of accounts sent to Credit Tel ( Specialist Medical Debt Recovery Agency) were after the recovery process turned out to be write offs.
Only insurance excess, embassy, solicitors and probate should be passed out for recovery.
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