Management of Installment Plans
Rising operating costs, high-deductible trends and industry regulation complexities place increasing pressure on healthcare providers. At Certified Credit & Collection, we partner with physicians, hospitals and healthcare systems to provide end-to-end accounts receivable management that shortens the revenue cycle, expedites payment recovery and improves patient satisfaction.
Uninsured medical expenses can catch patients off-guard, creating payment delays and burdening your AR team. Certified implements and manages patient-centric installment plans that are a win-win for providers and consumers. Installment agreements are a proven way to help patients avoid negative credit marks while budgeting for healthcare costs they cannot pay upfront. Throughout the process, Certified serves as a seamless extension of your billing office: handling every phase of the transaction from contract creation to collection and follow-through.
Installment Contracts: Provider & Patient Benefits
Medical payment plans help providers collect funds in a timely manner while decreasing a practice’s aging receivables balance. Outsourcing management of installment contracts reduces internal billing burdens while improving collection results. Installment plans also create a positive patient experience that includes benefits like these:
- Flexible payment options tailored to a consumer’s monthly budget
- Preservation of creditworthiness
- Innovative, easy-to-use payment methods
- Online account management
- Skilled account set-up & monitoring
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Certified’s affordable payment plan options help patients meet their financial obligations in a timely, budget-friendly manner. Flexible installment options also help medical providers meet revenue cycle objectives while safeguarding valuable provider-patient relationships.
For the last five decades, Certified has partnered with healthcare systems, physicians, hospitals, medical facilities, dental practices