Patient Statement in Medical Billing

A patient statement is a form of medical bill. It shows the total amount due and includes payment instructions. The statement also gives details about the health insurance coverage of the patient.

It is essential to keep your patient statements clear. Adding too much information can make it hard to read and confuse patients. By creating a clear statement, you can increase your ability to collect payments on time.

The Patient Friendly Billing Project from the Healthcare Financial Management Association encourages clear and accurate billing. To do this, you must distinguish between the charges the patient owes, billed charges, and the amount that the patient's insurance covers.

Another important element of your statement is the date. Your statement should not only give the patient the date of the next bill, but it should also include the dates of payments. When you create a statement that explains the dates of payments, it reduces the number of questions your patients have about the statement.

Often, healthcare providers spend a lot of time preparing patient statements. This can leave them with little time for other tasks. Therefore, outsourcing this part of your billing process can save you time and money. In addition, the right third party can help ensure your statements are well-designed and printed.

A third-party service provider can work with you to develop a modern patient statement that will improve patient experience and boost on-time payments. Moreover, a well-designed statement will capture more self pay revenue and increase efficiency in receiving payments.