Patient Payment Plan

Even though a large percentage of a doctor's revenue comes from insurance companies, there is still a significant portion that comes directly from your patients.

Patients, it seems, who often don't have the money to pay for treatment right away. This forces you to extend credit to patients, and ultimately, it causes "write offs" tens of thousands of dollars a year in un-collectible bills, or to refuse to treat those patients who can't pay you in full at the time of service in the first place.

It's a no-win situation for most doctors: you have to either turn away business… or accept business you know probably won't pay.

Getting patients to actually pay for the services you provide has always been a challenge. As you know, not every visit by every patient is 100% covered by insurance.

And even when the patient does have insurance, they typically have to pay at least 20% of the bill out-of-pocket, which could easily run into the hundreds, or even thousands, of dollars.

Statistics show that 31% of Americans don't carry any health insurance, and therefore they have no option but to pay for medical treatment out of their pocket.

Since many people can't pay a bill for hundreds or thousands of dollars, you as a doctor are forced to extend "credit" to these patients, and frequently, you don't get paid.

Did you know that statistically, doctors only collect 49% of the money that patients owe them?

l A Serious Problem…With No Clear Solution (Until Now)

Doctors all over the country are caught in this predicament. One doctor recently said that 69% of his receivables are PAST 90 days old, which means that particular doctor only collects 31% of the money his patients owe him in 3 months or less.

The rest of the money takes several months to collect, and half is never collected at all! All doctors at one time or another face the dilemma of how to collect their fees from patients while providing the professional care they seek.

Until Now, Doctors Have Had To Make A Tough Decision…

This leaves you with two tough financial decisions: First, limit the credit risk by requiring the patient to pay in full at the time of service, or second, offer "in-house" payment arrangements and then hope the patient honors the terms.

The first decision, requiring full payment, limits the doctor's income because many patients can't afford it and business is turned away. The second option, "in-house" financing, increases administrative costs and headaches exponentially…not to mention the money doctors lose from the patients who will not or cannot pay as agreed.

The Patient Payment Plan™ Click Here for our audio presentation

Finally, there is a solution to this problem. It's called the Patient Payment Plan.™ It is revolutionizing the way doctors all across the country collect money from patients.

It will allow doctors to collect significantly higher portions of the money they've earned, without alienating or harassing their patients, and without a lot of burdensome overhead expenses.

The Patient Payment Plan™ allows your patients to make affordable monthly payments; you then collect those payments using automatic bank deductions from the patients' checking accounts.

You're probably already familiar with this kind of technology. Health clubs, utility companies, and insurance companies have been using automatic bank deductions, or what's called Pre-Authorized Checking, for years now.

This same technology is available to you. Most doctors don't know that it's available... and those who do know what is available to them don't know how to take advantage of it.

Extremely Easy To Implement Into Your Practice

Here's how it works. We use a proprietary software package to allow us to actually print checks FOR your patients on the same day of the month every month, and then deliver them to your office for immediate deposit.

The patients, of course, have to provide authorization to do this; that's why it's called Pre-Authorized Checking.

This allows the speeding up of your cash flow by a significant margin.

Here’s how it works. On the day of the month you specify, you are  handed a stack of checks which have been drafted from your patients' checking accounts and printed on our laser printer using our proprietary software.

You will be elated when you the checks are delivered to you on the same day each month. Now you have no invoicing to mess with and no waiting for the checks to be mailed to you.

There are also no embarrassing follow-up calls for your staff to make badgering the patients for money or threatening them. Instead, you get a stack of checks to be immediately deposited every month. No mess. No fuss.

PPP allows your patients to make small monthly payments automatically with pre-authorized check drafting.  The patient must fill out a simple, one-page form and attach a voided check to enroll in PPP. 

The patient chooses the amount to be drafted every month and the time of the month the  draft is to be created (either the 4^th or the 19^th).  PPP checks are drafted once per month at the agreed upon time until such time as account balance is paid in full.  PPP checks will be either hand delivered, mailed to your office or deposited directly into your bank account

SCOPE OF WORK:

• Develop letter for all eligible accounts detailing payment options
• Mail letters
• Completed PPP enrollment forms returned to your office and forwarded to Electronic Processing Center
• Mailouts to include:
• a) Current statement
• b) PPP enrollment form
• c) Self-addressed stamped envelope

Estimated Price of Processing

	NumberTransactions	Cost Per Draft
a)	0-499	$2.00
b)	500 - 749	$1.75
c)	750-999	$1.50
d)	1000-1999	$1.25
e)	2000 & up	$1.00