Practice Management

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  • 1.  Point Of Service Collections

    Posted 07-28-2022 16:26
    Hello,

    I am reaching out for feedback from practices that have implemented point of service collections for outpatient imaging centers.  Looking to see what percent of net collections are collected at time of service. Does your process include collecting for co-pays, old balances, deductibles, and co-insurance as well?

    Thanks, Lori Szweda

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    Lori Szweda
    Executive Director
    Radiologic Associates of Fredericksburg
    Fredericksburg VA
    (540) 361-1000
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  • 2.  RE: Point Of Service Collections

    Posted 07-29-2022 08:50
    Hello Lori,
    We have had a Point of Service collections process in place for our outpatient imaging centers for over 10 years now.  We started at about 15% of collections when we did not have an automatic estimation tool and we are now at 60% collections with a estimation tool.  We collect the estimated co-pay, co-insurance, deductible, and prior balances for the clinics as well.  It is a culture change as well as a process change but it can be highly beneficial to the AR and Revenue Cycle. We have also found that it improves our patient satisfaction as well when it is handled correctly.  I hope this feedback is helpful.

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    Thank you,
    STACY SANSO
    Director OIC Collections
    ARA Diagnostic Imaging
    sansos@ausrad.com
    t: 512.795.5100 ext. 5291
    www.ausrad.com
    ------------------------------



  • 3.  RE: Point Of Service Collections

    Posted 07-29-2022 11:35
      |   view attached
    We have much the same process.  I found that there are a couple of critical puzzle pieces:  (1) a good estimator tool; (2) staff training; (3) the ability to track results; (4) constant feedback; (5) alignment between management and line staff on objectives; and (6) recognition of excellent work.

    We collect 90% of the approximate patient responsibility (co-pay and/or deductible).  We don't try and be so exact that we get 100%. That results in a lot of patient refunds which can be a big hassle and lead to patient dissatisfaction.

    I'm sure there different approaches and systems out there, but the 6 principles above apply regardless. 

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    Wayne Baldwin
    CEO
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  • 4.  RE: Point Of Service Collections

    Posted 08-01-2022 09:02

    May I ask what estimation tool you are using?

     

    Joanne Chichizola

    Billing Manager

    Description: image001Description: <a href=image002.png@01D4F5C8.AEAC51A0">

    777 Passaic Ave, Clifton, NJ 07012

    Phone: (973) 284-0020 X 1304

     Fax: (973) 284-6310

     

     






  • 5.  RE: Point Of Service Collections

    Posted 08-02-2022 08:28
    Sure, we use Royal Pay Solutions as our estimation tool.

    ------------------------------
    Thank you,
    STACY SANSO
    Director OIC Collections
    ARA Diagnostic Imaging
    sansos@ausrad.com
    t: 512.795.5100 ext. 5291
    www.ausrad.com
    ------------------------------



  • 6.  RE: Point Of Service Collections

    Posted 07-29-2022 09:08

    Our group averages about 2.5-3%/month.

     

    DENNIS WISEMAN

    Chief Executive Officer

    Radiology & Imaging of South Texas

    3226 S. Alameda Street

    Corpus Christi, TX 78404

    (O) 361-888-6684 ext. 2046

    (F) 361-853-4454

    (C) 786-223-2671

     

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  • 7.  RE: Point Of Service Collections

    Posted 07-29-2022 17:02
    The 2.5-3% is of overall OP collections.
    We do have a team of ladies who handle insurance verification along with estimates of patient responsibility.

    This percentage above is a super majority of what the patient owes overall.

    Thanks

    Dennis Wiseman
    Chief Executive Officer
    Radiology & Imaging of South Texas
    3226 S. Alameda Street
    Corpus Christi, TX 78404

    Sent from my iPhone

    PRIVILEGED AND CONFIDENTIAL:  This document and the information contained herein are confidential and protected from disclosure pursuant to federal law.  This message is intended only for the use of the Addressee(s) and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, you are hereby notified that the use, dissemination, or copying of this information is strictly prohibited.  If you have received this communication in error, please erase all copies of the message and its attachments and notify the sender immediately.