Getting paid for out-of-network patient services is more difficult now than ever before. It is projected that 95% of your patients will fail to fully pay for their medical bill balances by 2020 (alarmingly, this is up from 68% in 2016 and 49% in 2014)1.
Whether you choose to be out-of-network, or the payer drops you as they narrow their provider network, the result is the same – you are at the mercy of your patients to pay a larger and larger portion of their medical expenses. Even when you do get paid, it typically takes longer and can cost you four times more than when you receive payment directly from a payer you contract with. However, there is something you can do about it….
By making a few easy-to-implement modifications to how you manage your out-of-network patients, you can significantly improve the reimbursement you receive. This is where practice management expert and consultant, Owen Dahl, LFACHE, CHBC, LSSMBB, can help by showing you exactly how to significantly improve your out-of-network payments - from both patients and payers.
During his online training, Owen will walk you through what you and your staff can do to get more of your out-of-network patients and carriers to pay faster and at less cost to your practice.
Here are just a few of the practical, plain-English out-of-network reimbursement tactics you’ll receive from this expert-led 60-minute online training session:
Who is this for? This online training is directed toward practice managers and financial managers from all sizes and specialties of outpatient practices. Also, physicians and NPPs interested in understanding how to bolster payments from out-of-network patients and payers may also find this training helpful.
Accepting out-of-network patients (both from Medicare and private payers) can generate a significant amount of revenue for your practice IF you know how to combat the numerous obstacles you must you must overcome to get paid. By knowing the challenges of out-of-network reimbursement, you can better manage its risks and expectations, and lessen the probability of having to excessively chase your payments, or not receive them at all.
Don’t make the mistake of thinking you should turn away all out-of-network patients. You can accept many of these out-of-network patients and get paid adequately for the services you provide. But only if you successfully set up the proven processes that you’ll learn during this online training. Don’t wait, take advantage of this training today.
You take no risk whatsoever. If you find this essential session doesn't meet your expectations or you are not satisfied for any reason, simply let us know.
Owen is a principal of Owen Dahl Consulting, in The Woodlands, Texas. He has 53 years of experience in consulting, running a medical billing service and managing medical practices. He was also a hospital administrator. Owen speaks across the country on medical practice issues related to strategic planning, Lean and Six Sigma, culture, human resource management and the revenue cycle.
He is an adjunct professor at the University of New Orleans, the author of Think Business – Medical practice quality, efficiency and profit, contributing author of the popular book Lean Six Sigma for the Medical Practice and recently published Integration of Behavioral Health Into Medical Homes: A Rapid Implementation Guide. Owen received his Bachelor’s degree in Hospital Administration at Concordia College, Moorhead, MN and his Master’s from the University of Northern Colorado. He recently achieved his Lean Six Sigma Master Black Belt through Villanova University. He served in the USAF.