Medical Collections

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medical collectionRecover your medical collections or medical billing without damaging your reputation, losing your patients, or destroying your profit margin. National Asset Management's highly recommended medical accounts receivable service can assist you to diminish write-offs and keep your patients coming back to you for care. If your practice is sending out multiple patient invoices or billing month after month after month, the time might be right to use our highly recommended medical collections service.

Our service can motivate delinquent patients to pay you for the services you provided to them. Using our medical recovery service lets your patients know you are determined to get paid what you are legally and ethically owed. Our highly recommended services can make the difference between just scraping by and practicing comfortably.
 

 

Proper medical collections can also help pay for some of the exploding costs of medical malpractice insurance. Recovering your bad debt or medical billing by using our NAM services actually frees up your cash to fund expensive malpractice premiums and other medical liability costs. Our highly recommended medical collections service can allow you to concentrate on what you do best - provide healing care.

National Asset Management tips to Reducing Medical Bills

You became ill and were admitted to a hospital. Now you find yourself surrounded by medical bills. There are a few things patients can do to substantially reduce the bills. Hospitals often make billing errors and overcharging errors. Uncovering these errors takes a little bit of time and determination but will save you money in the end.

First you should request both the insurance company and the hospital to audit the hospital and doctor bills. Along with the audit request an itemized bill to review on your own. Some items to look for on the itemized bill are duplicates. Make sure you have not been charged twice for the same service. Next you should check the dates you were in the hospital. Check the dates of your admission as well as discharge. Most hospitals with charge you for the admission day but not the day you were discharged. If you review the bill and see that you have been charged for the day you were discharged, contact the hospital and see if they will waive the charge for that day. The type of room you stay in will also vary in price. Make sure you were charged for the room you stayed in.

Another charge to look for is unbundled charges. This type of charge is when a group of tests are billed individually when they actually should have been billed together. Most tests and surgical procedures have several parts to them. The cost of the individual test or procedure is often much higher compared to combining the charges. Review your bill and make sure they did not incorrectly charge you in order to receive a higher rate.

Up selling is also common with hospitals. This is common with medications. A doctor may prescribe a generic version of a drug but the hospital provides you with a more expensive brand name drug without your knowledge or consent. The patient is not responsible for the increased cost of the name brand drug because they are not an expert on medications and whether they should take the brand name or generic drug. If the hospital changes a less expensive service or medication knowingly to a more expensive service or medication that is consider fraud.

One way a hospital may try to confuse a patient on their bill is through confusing language in order to charge a higher rate. If you are unsure about a specific item find out what it is. They may be charging you for something that should be included in the services you were already charged for. Sometimes a doctor will order services or tests that are later cancelled. If a test shows up on your bill that was never administered request it to be removed.

Find out if the hospital or doctor accepted assignment of your insurance payment. This means that the hospital or doctor is allowed to bill your medical insurance and to receive payment directly by your insurance company, without a check going to you. If they accept assignment the patient is no longer responsible for the bill.

Lastly try to negotiate with the hospital and see about paying a lower lump sum to settle the account. If they do not accept this see about setting up a payment plan. Although it may take extra time to review your medical bills, it can save time, money and frustrations.