Choice Pay - automatic patient payment plan
Medical providers can immediately increase their revenues with a new service that allows them to deduct monthly payments quickly, automatically and directly from their patients' checking accounts.
 The Problem: Collecting Money From Patients
A significant portion of a doctor's income comes directly from their patients, especially with the increasing deductibles being applied by the insurance companies. Many of these patients do not have the financial resources to pay for treatment in a timely manner, this forces doctors to either extend credit or refuse treatment. It’s a no-win situation for most doctors: either turn away business or accept bad business. Statistics show 31% of Americans do not carry any health insurance. These patients have no option but to pay for medical treatment out of their pocket. Statistics have proven on average that doctors only collect 49% of the money their patients owe them. What if doctors could collect 98% of the money they were owed guaranteed?
Calculate How Bad This Problem Is For You?
Doctors often do not consider how much money they are leaving on the table by using their current methods to handle this situation. You can take a moment to use our online calculator to see how even a slight percentage can add up to significant lost profits annually. The calculator will show how much money a doctor is losing by extending risky credit and by turning away new potential patients.
The Solution: Choice Pay - automatic patient payment plan
 There is a solution to this problem. Choice Pay is a PCI, HL7, and HIPAA compliant web-based software application designed to facilitate the collections of the patient's portion of their healthcare bill. Our innovative technology can interface and exchange data with virtually any practice management (PMS) or accounting system, making it the most flexible and powerful patient payment system on the market. Choice Pay allows medical providers to collect a significantly higher portion of the money that they have already earned, in most cases up to 98%. All of this can be done without alienating patients, and without burdensome overhead expenses. Now patients have the ability to make affordable monthly payments without the need to apply for credit or go through a lengthy approval process. These payments are then automatically taken out of their bank account each month until their bill is paid.
Extremely Easy To Implement Into Your Practice
Here is how it works. Here is how it works. Medicus Reimbursement, LLC will offer a medical practitioner a secured ‘Outsource Service’ for all their Account Receivables (A/R) essentially acting as the provider’s collections company. Choice Pay will import a simple Excel spreadsheet from your PMS system listing all patients requiring a payment plan. We will then customize an automatic payment plan for each patient that will be approved by the doctor. Timely reports will be generated for the office staff to monitor and forecast payments made and pending. This will free up the providers staff to focus on patient needs instead of collections issues. There is no invoicing to handle, no waiting for checks to be mailed in, no embarrassing follow-up calls for staff members to make requiring them to badger or threaten patients for money. Doctors just get their money on time.
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