Effective Financial Policies and Procedures

Effective Financial Policies and Procedures - Effective...

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Effective Financial Policies and Procedures By Heather Lisowski What are the basic elements of an effective medical office financial policy? The basic elements of an affective medical office is that if there is any kind of payment like a co-pay that it gets paid before you even see a doctor. When you are done with the visit if anything was not paid by the insurance then they will bill the patient with the balance owed. In what ways do medical office procedures support financial policies? They will work with the patient on making payment arrangements to help out the patient if the balance is a lot of money if a patient has no insurance then they will also work with them and see if they are able to get on some kind of assistance to help pay for the bill. What are the consequences when office procedures do not support the financial policy? Some places can lose there medical license and also get in big trouble with not following the laws with the policy. People that don’t follow the policy can also get
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Effective Financial Policies and Procedures - Effective...

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