Medical billing & collection

PROMPT PAYMENT

Good cash flow is vital for any business to run smoothly.

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.

Our team fully understands the importance of:

  • Billing patients and collecting money in a timely manner
  • The debt collection process
  • Performance data, so you always know the financial position of your practice
  • Attention to detail
  • Reputation management

Our billing & collection service includes:

  • Invoice management
  • Electronic billing – EDI
  • Debt management
  • Comprehensive Quarterly Practice Report, tracking important financial metrics
  • Tax year summary for accounting purposes

Our administration service is also an important part of the package, which the majority of consultants choose to combine.
Bespoke packages are available.