Medical Office Financial Policy Over Term Paper

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The reason why, is due to the fact that you are addressing the needs of different demographics of the population. At the same time, you have numerous options in working with patients and a procedure for helping to collect all outstanding balances. (Lohr, 2010)

When you put these different elements together, they are showing how this strategy can be utilized to reduce the underlying costs and increase profitability. This is accomplished by: outsourcing those procedures that decrease productivity and costs (billing / collections). While, being able to offer patients flexible payment plans and certain times where they can receive discounted services. Once this occurs, it means that costs will remain under control and the profit margins of the clinic will increase. This is because of the flexibility that this policy is providing. As it is allowing health care professionals' to adapt to the underlying challenges facing many private practices.

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(Lohr, 2010)

When these kinds of procedures have been utilized consistently, is the point that the culture will change within the clinic. This is significant, as it is illustrating how new tools and techniques must be utilized by: private practice physicians to deal with the new challenges they are facing. If this kind of approach can be used, it will ensure that the clinic is able to adapt to the changes that are occurring inside the industry. This is the key in being able to: provide innovative health care solutions and deal with the new issues that will be a recurring problem in the future. Once this happens, the clinic can remain economically viable and a critical part of the community it serves......

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