To quote H&R Block, “Doctors, Get Your Money Back!” Statistics have shown that 33% to 60% of the available health insurance copayments do not get collected. To put it in perspective, for every 100 patients you see with $25 copays, you are losing $832-$1,500. If you see 5,000 patients per year, the lost copays would equal the cost of your front office staff. You need to get serious and collect your copayments.
Halo Health can help. Our digital patient education systems, run in place of cable TV in your waiting rooms, speak directly to your patient and help them navigate your visit. Offices with our service have seen increased revenue just by directing patients to show their insurance card at every visit upon check in. By having each patient’s current insurance card on file, you are able to reduce billing errors, shorten the insurance verification process, and understand the patient financial responsibility for their visit.
When offices couple that message with “Co-pays are due at time of service”, offices have seen even greater increases. What we have learned is most patients crave information when they are in your office. They want to know where to go, what to do, and how you are going to help them.
Make your waiting room into an interactive learning center to help your patients achieve their health and wellness goals.
Halo Health customizes the content to your office specialty and works with you to spotlight your staff, your community events, your professional proficiencies and awards and more. We also work with you to spotlight the ancillary service providers that your patient may need after seeing you. This helps them stay in network which enables you to keep better control over your patients and generate more revenue. Medical records and medication management become easier and outcomes are improved.
The best part is that we do this for about $1500 per year including equipment, installation, troubleshooting, content creation, and ongoing content maintenance. Please contact us to get started, firstname.lastname@example.org and 856-520-8655.