How to Get Paid Faster

By: Michael MacLaren |
Published: September 16, 2016
Author at Assurance Health Care Financial Services

Are you sending all of your bills once a month and getting a rush of questions and calls? Have you considered Cycle Billing?

Cycle billing is – a method of billing customers at monthly intervals in which statements are prepared on each working day of the month and mailed to a designated fraction of the total number of customers.

By breaking up your bills and sending them out in cycles each week or even every other week, you can get paid faster and you can reduce the rush of calls to the office after big batches are sent. By getting your bills out fast you get paid fast. This is especially true for self-pay accounts. The quicker you get the bill out the greater chances you have to collect that balance.

Cycle billing also allows you to give more attention to specific bills. You can break down the large batches to manageable sizes and give each patient account the attention it may need. This will help to reduce the number of unnecessary statements and allow you time to add notes or color to the needed statements.