Without good cash flow both you and your practice can suffer. Poor cash flow can result in practice costs not being met, less available money for you to draw to cover personal financial commitments as well as a lack of stakeholder funds.
Billing and collecting money is therefore an integral part of the success of a medical practice.
When you are busy working in your practice, treating patients, it is unlikely you have time for tasks such as debt collection. You will just want to feel reassured that the money is in your account within the right timeframe following invoice.