MSP Consulting’s Steve Beene recently spoke at the National Medical Group Management Association’s “MGMA18 | The Financial Conference” where he discussed patient payment options to improve cash flow and efficiency. Beene addressed the challenges currently facing the health care industry when it comes to accepting payments and provided solutions that are convenient for patients and cost-effective for medical providers.
As credit card usage continues its upward trend combined with the increase in patient responsibility for health care costs, Beene recommends health care providers implement an omni-channel payment system. This allows the patient to pay in the manner that is most convenient for them while providing needed tools and flexibility for the practice to ensure timely payment.
MGMA is an organization of professionals dedicated to exploring solutions for common issues and obstacles currently facing medical group practices. Its 1,650 members include administrators of nationally known clinics, large and small group practices, hospital affiliated and university affiliated medical groups.
MSP continues to provide tailored solutions for those in the healthcare and medical practice space, addressing issues specific to their industry. For more information, contact MSP Consulting today at 855-890-4900.