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Medical and Dental Providers
With the number of under-insured and self-paying patients
increasing at an all-time high, more and more providers are experiencing a rapid
increase in the number of accounts being sent to collections or being written
off as "bad debts."
And the future is not looking any brighter. "One in three
Americans under the age of 65 had no insurance in 2001 and 2002," according
to a report by Families USA.
Providers are faced with a serious, growing problem of patients
not paying their payment obligations.
Until now...
Modern Payment's Technology allows patients to make affordable
payments electronically.
Patient Benefits
Patients can divide large balances into affordable payments.
They can budget and know exactly how much to pay the provider each month. Patients
can choose the date on which they want the transaction to occur making this
a simple solution to pay their obligations.
Provider Benefits
Providers no longer have to wait for "checks in the mail."
Once a patient is enrolled in the system, the scheduling software will automatically
transfer patient payments into the provider's account via direct deposit. Providers
can accurately forecast and control their receivables.
When you compare Modern Payment's effectiveness to today's collection
tools, this is something that every accounts receivable manager will want to
use. Modern Payment is the right choice for your electronic payments system.
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