| When looking for new software solutions, be sure | | | | Electronic patient statements allow your staff |
| to investigate the availability of electronic patient | | | | more time to focus on what’s really |
| statements (EPS). | | | | important, your patients. When it comes time to |
| Have you ever wondered how long it takes your | | | | print, fold, stuff, stamp, seal and bundle the |
| staff to complete the print and mail function of | | | | statements, you can outsource this menial labor |
| sending out patient statements? Most practices | | | | task. With electronic patient statements any |
| choose to do weekly, biweekly or monthly patient | | | | patient that has a balance and is eligible to be |
| statement processing. Manually processing a | | | | billed, will automatically be sent a patient |
| patient statement mailing dramatically affects | | | | statement on time. With this automation, you will |
| your practice operations and revenue streams. | | | | improve your accounts receivables timeline. |
| Processing times can be lengthy, and delays are | | | | Electronic patient statements also allow you to |
| quite common due to lack of time and resources | | | | minimize mislabeling errors and delays inherent |
| at most physician’s practices. | | | | with the print and mailing function which impacts |
| Have you ever analyzed how much it costs your | | | | your ability to bring your money in. |
| business to perform the print and mail functions | | | | Your practice management software solution |
| of patient billing? There may be a better solution | | | | provider should have this valuable service available. |
| for you. See the following sample of manual | | | | Additionally, this service usually costs less than the |
| patient statement process costs. $0.39 first-class | | | | postage and supplies outlined above. Typical |
| stamp, $0.08 envelope with window or label, $0.08 | | | | automated patient billing service costs for |
| return envelope, $0.02 paper (per page), $0.10 | | | | electronic patient statements are $0.62-0.69 per |
| printer ink=$0.67 Total (without accounting for | | | | statement. Most systems allow you to retain the |
| labor costs). | | | | ability to make real-time modifications and add or |
| There is a solution; electronic patient statements. | | | | omit patients from the queue as needed. When |
| The process of sending patient statements can | | | | necessary, you can even include special notes for |
| be as easy as sending electronic insurance claims. | | | | specific patients on the statement. |