Numerous small business owners with entrepreneurial nous and financial recordkeeping abilities are able to keep their books up to date. The moment they have rendered a service to their clients they will have processed receipts recording fees due for services rendered. And they will not hesitate to follow up overdue payments within the stipulated period of grace which by law could possibly be no longer than sixty days.
That equates to roughly two months. It does seem quite reasonable. As a medical patient, you may also be familiar with such bills of loading. It may even have seemed odd at the time. Because not only two payment windows were reflected on the overdue account, but sometimes even periods of up to a year. Now that seems more than reasonable. Owing to the nature of the specialist practice perhaps, it is necessary to go into private practice.
But when this happens, the specialist practitioner’s rooms essentially become a business concern. Preoccupied with offering patients their essential care and treatment, they may not always be affiliated with the business side of events. Being in private medical practice is not as glamorous as it may seem to others. Doctors can struggle to collect overdue fees. And they can subsequently struggle to pay their own bills on time.
A cdm charge master can help them out with their predicaments. It will be a user-friendly system and service. The moment a record of payments due is captured on the system; the clock will be ticking. Desktop reminders will be alerting the private practitioner on overdue matters. Scheduled events, such as patient and medical prescription recalls can also be followed through. If not feasible for the doctor to use, the system can be outsourced.