Payment Monitoring (Pre-Collections)
Many Medical providers offer financing solutions for patients that set up long-term payment plans with a facility to recollect owed balances. However, facilities may find it difficult to manage large volumes of long-term AR. Payment monitoring acts as an extension to your billing offices and offers a solution for AR management. Patients have flexibility to resolve their balances with call center support, access to their bill online, and several remittance options. Facilities overhead costs are lessened and employee time is increased.
Early Out (Pre-Collections)
Pre-collections ‘Early Out’ is a billing option for your Medical Provider to recollect low age AR. Without credit reporting to reinforce patient remittance for balance owed, pre-collections offers flexibly to the patient to manage their owed dues. Patients can resolve their balance, or set up an automated/manual payment plan with Mnet directly.
Bad Debt Recovery
Patient bad debt recovery starts with a solution, a healthcare specific collection agency. Patient bad debt accounts are recollected with trained healthcare call representatives and letter notices that mandate for balances owed to a provider. Providers have the option to reinforce their uncollected bad-debt accounts with credit reporting.