Want to Learn How to Implement a Credit Card Program in Your Medical Office? Here’s How

One of the best decisions our practice has ever made, has been requiring parents to leave a credit card on file. We’ve done this since 2009 and it has really worked well for us. The most obvious advantage is that this policy reduces your practice’s account receivables. I also like the policy because it shifts the risk of not getting paid to another party, namely the credit card company – which is a far better entity to handle financial risk than a medical practice. The list of advantages of implementing a program like this is quite long. Yet many medical offices are still reluctant to implement this policy. I understand why many are hesitant and apprehensive. It is not a simple task. And the implication of a poorly executed implementation can have significant consequences. For those practices that are on the “not-so-sure-boat” I have good news. My friend Mary Pat Whaley from ManageMyPractice.com will be conducting a seminar titled “Starting a Credit Card on File Program in Your Practice” that I think will help your practice implement a credit card policy.  The topics look to be very promising. The program will include the following topics: Worksheet for Credit Card on File Program Return on Investment (ROI) Staff Script & Role Playing Suggestions for Staff Training Sample Security Policy to Comply With PCI Guidelines Credit Card on File Program Timeline Worksheet Credit Card Program Comparison Worksheet Patient Handout #1: Information About Our ...
Source: Pediatric Inc - Category: Pediatricians Authors: Tags: Collections Money Savings Revenue Technology The Business of Medicine Business and Economy Credit card Debit card Deductible Financial Services medical practice Merchant Services Source Type: blogs