Published October 5, 2017

Do You Have a Collections Culture? | RMP Insights

It’s a busy afternoon and the practice’s front desk is understaffed, again. After several minutes and a rush of registrations the last patient to walk in finally approaches the counter. Despite the rush of patients the front desk representative offers a friendly greeting, confirms the patient’s general demographic and insurance information, and confirms that she does not owe a co-pay. The rep also notices that the patient has a high outstanding balance and a $5,000 deductible that she has not met yet. The practice’s financial policy states that high deductible health plan patients with a high balance must establish a payment plan in order to receive care, but she is already running late for her time slot so the rep  lets her know that following her appointment she will need to meet with a  patient account representative to establish one.

Following her appointment the physician walks the patient out of the office, bypassing the check-out desk. On review of the patient’s file the representative finds a note from the physician that the patient was upset that she had to wait so long only to be confronted about her balance, so he instructed her to proceed without checking out and informed her that she would simply receive a statement for the day’s visit in the mail.

True or False: This practice has a collections culture

The patient access representative followed all the proper steps at registration and made an effort to enforce the practice’s financial policy, but the physician overruled and undermined her efforts. So the answer is false, this practice does not have a collections culture.

Typically the greatest challenge when working with patients with HDHPs is front office communication about financial responsibility, but following the proper collections protocol is not enough. There must be an organization-wide culture of collections within the practice that aims to maximize not only recovery, but also patient satisfaction. It may seem counterintuitive that asking a patient for money at the time of service is creating a good experience, but they will be more appreciative of the explanation of their responsibility before receiving services than they will of receiving an unexpected statement weeks later.

So how do you create a collections culture?

Culture Starts at the Top

A healthcare organization’s culture is its set of beliefs and behaviors that determine how employees and management interact to handle patient encounters. New employees don’t bring culture with them, it has to be created within the organization and it starts with leadership. There must be executive buy-in and a top-down decision to create a culture of collections within the practice. In the case of a physician practice, it is the responsibility of management as well as the physicians to understand the importance of patient collections, and to support the rest of the organization in meeting set goals. While a clear financial policy and employee training are valuabl

e, it is the entire organization’s commitment to upholding it that makes all the difference.

Create the Right Team

Leadership can determine what the healthcare organization’s culture should be, but it is key to hire people who will embrace it. Patient expectations are changing. They are seeking more financial transparency. Your patient access staff must have the expertise and experience to be able to answer their questions, or you risk a poor patient experience, and possibly losing that patient altogether. Practices can no longer afford to hire a friendly face for check-in. Front desk representatives must be trained for a much more complex job in deciphering eligibility and benefits, providing estimates, and acting as a financial counselor for HDHP patients.

For tips on how to build a ridiculously successful team, download our webinar on demand.

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Provide the Right Tools

Having a collections culture requires giving your team the right tools for the job. Provide the technology and estimate tools they need to streamline their workload and give them access to the information patients are seeking. If your practice cannot commit to the latest technology, provide training opportunities and support that enable your staff to collect the information manually. Either way, if they cannot provide the patients with the information they seek, the patient will find another practice that can.

Teach Everyone in Your Organization to Say “I’m Sorry”

Collecting money from patients requires a positive mindset. Not only should everyone in your organization be able to empathize with patients, they need to be empowered and motivated ask for payment. Help change your employees’ mindset about collecting money with our free webinar on demand: Collecting from Patients – The Human Component. If you can build a team that is motivated and willing to uphold the culture established by the top-level, both recovery and patient satisfaction are sure to improve as a result.

Get our free "Collecting from Patients: The Human Component" webinar on demand here

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Written by Ali Bechtel, Digital Marketing Manager for RMP

This information is not intended to be legal advice and may not be used as legal advice.  Legal advice must be tailored to the specific circumstances of each case.  Every effort has been made to assure this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area, nor should it be used to replace the advice of your own legal counsel. 

Published August 24, 2017

Being the Best | Guest RMP Insights Post by RMP Senior Financial Analyst, Luke Mauer

At church the other weekend, the sermon was a great one. It was about students being afraid to be “A” students because they didn’t want to be made fun of. It was slightly eye opening but seemed to make sense. At an age of such acceptance, being too smart or “nerdy” is a very touchy subject.

Imagine having this option on your first day of school: either sit at a table with ten of your new friends or sit in the corner with only one other person.  It’s tempting to sit with ten friends, right?  Now imagine the same scenario where the ten people at the table are being disciplined for bullying another student and the one student by himself is getting praised for sticking up for the bullied kid.  Now which group do you want to be in?  It’s tempting to fit in, but it isn’t always the right thing to do. The sermon stated that we are always doing God’s work no matter what we do (as long as not illegal or immoral) so lacking in school, especially on purpose, was lacking in our duty to God. Again, great message, it but got me thinking.

This doesn’t just apply to school. This applies to everyday life, and in particular, to work. Some people don’t want to “over achieve” or go the extra mile because they don’t want to be a “brown noser.” They don’t want others whispering – which is realistically out of jealousy or spite. To be the worker that goes the extra mile may feel great internally, but external pressure doesn’t allow us to be that person. I won’t go into this being the definition of America or the lazy workforce that inhabits many companies across America – but I will say this: No matter what you may believe, no matter who you may do it for, be the best.

If you’re doing God’s work, do the best work you’ve ever done. If you’re doing it for your company, do the right thing. And if you’re doing it for you – by all means do the best YOU can do. You are the only person who prevents you from achieving greatness – achieving the best. If you’re scared of being talked about at work, then you’re afraid to be the best. The best get criticized, the best get talked about both positively and negatively, and most importantly, the best take these negative things and turn them into something positive.

If you’re in the workforce long enough you’ll see great examples of both of these things.  I’ve had managers who have backed down and expected less of themselves just to “fit in.”  I’ve also seen people excel and do their best no matter what is being said about them.  You have to decide which person you want to be.  You have to make that choice.  Sticking out in a large workforce could be the difference in your life.  It doesn’t make you snooty. It doesn’t make you fake.  It makes you a hard worker.  It means you cherish what you do and you believe in what you stand for.  It means you’re doing the best job that you can – whether it be for God, for your company, or simply for you.

I’ll leave you with a couple of my favorite quotes:

“If you’re the smartest person in the room, you’re in the wrong room.”

“To be successful in life, make yourself irreplaceable.”

Written by Luke Mauer, Senior Financial Analyst for RMP

Take this article with you! Click here for a printable version.

This information is not intended to be legal advice and may not be used as legal advice.  Legal advice must be tailored to the specific circumstances of each case.  Every effort has been made to assure this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area, nor should it be used to replace the advice of your own legal counsel. 

Published February 9, 2017

Are you Managing your Team or Leading It? | RMP Insights February 2017

There is no denying that great leadership is the cornerstone of every successful organization. All of us have had managers: someone who is responsible for controlling our activities throughout the work day. Not all of us have had leaders.Continue Reading Are you Managing your Team, or Leading It?