
Credit Card Payments for Physician Fees: A Regulatory Tapestry
Collections are a critical part of running a physician practice. The shift toward patient responsibility for higher co-payments and deductibles under today’s health plans has driven the need for physician offices to shore up collection methods. Whether a practice is insurance or cash-based, patient payments are making up an increasing share of revenue. Every business needs to make money to survive, but physicians must balance the need for profit with the responsibility to provide quality patient care. In addition, laws regarding ethics, licensing, and patient privacy are layered into the regulatory tapestry that governs physician collections.
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