How would you like to accept patients without insurance and at the same time, increase your percent collected from 49% to over 95%? If so please read on.

A significant portion of your income as a doctor comes directly from your patients. Patients, it seems, who often don't have the money to pay for treatment right away. This forces you to extend credit to patients... and ultimately, it causes you to either "write off" tens of thousands of dollars a year in uncollectible bills, or to refuse to treat those patients who can't pay in full at the time of service in the first place. It’s a no-win situation for most doctors: you have to either turn away business… or accept business you know there’s a good chance won’t pay.

We get reports all the time from doctors and dentists who are caught in this predicament. One doctor told us recently 69% of his receivables are outstanding PAST 90 days old! Or stated diffrently, this doctor only collects 31% of the money his patients owe him in 3 months or less. The rest take several months to get in the door, and half is never collected at all! All doctors at one time or another face the dilemma of how to collect their fees from patients while providing the professional care they seek.

First, limit the credit risk by requiring the patient to pay in full at the time of service, or

Second, offer "in-house" payment arrangements and then hope that the patient honors the terms.

The first decision, requiring full payment, limits your income because many patients can’t afford it and business is turned away. The second option, "in-house" financing, increases administrative costs and headaches exponentially…not to mention the money you lose from the patients who flat out will not or can not pay.

Finally, there is a solution to this problem. It is our Patient Payment Plan™. Corporate Support Services is revolutionizing the way doctors collect money from their patients. This program will allow you to collect a significantly higher portion of the money you have already earned…without alienating or harassing your patients, and without a lot of burdensome overhead expenses. You can now allow your patients to make affordable monthly payments, and then collect those payments using automatic bank deductions from the patients' checking accounts.

You're probably already familiar with this kind of technology. Health clubs, utility companies, and insurance companies have been using automatic bank deductions, or what is called Pre-Authorized Checking, for years now. You may not know this same technology is available to you as a doctor.

Extremely Easy To Implement Into Your Practice

Here's how it works. Corporate Support Services uses a proprietary software package allowing us to actually print checks FOR your patients on the same day of the month every month and deliver them to your office for immediate deposit. The patients, of course, have to give you authorization to do this; and hence the name Pre-Authorized Checking.

Take this scenario: Say you have 50 patients enrolled in the Patient Payment Plan™....on the day of the month you specify, Corporate Support Services delivers to your office a stack of 50 checks which have been drafted from your patients' accounts and printed on our laser printers using our proprietary software. There is no invoicing to mess with, no waiting for the checks to be mailed in, no embarrassing follow-up calls for your staff to make badgering the patients for money or threatening them. You just get a stack of checks to be immediately deposited every month. No mess. No fuss. You get your money on time for a change.

How much does the Patient Payment Plan™ cost?
Corporate Support Services charges the patient a 5% service charge to his or her bill, plus a one-time $5.00 set up fee. This is added ON TOP of your normal charges on his or her bill. It’s simply a service charge. Corporate Support Services charges the doctor a small amount per check and that depends on the number printed.

Will my patients actually consent to having their accounts drafted every month… and paying the 5% service charge? Generally, the answer is YES. Think about it. If a patient has a bill of $500 to pay out of pocket, you can now offer to let them make smaller monthly payments. Instead of paying the full amount in one lump sum. You can choose the amount of the payments, but let’s say for this example you decide let the patient pay $50 a month for 10 months. That’s $500 dollars, then if you add our 5% service charge to that $50 payment, the patient now has to pay $2.50 for the service fee, bringing his total monthly payment to $52.50.

For an extra $2.50 a month the customer is not going to turn this opportunity down. In essence, you’ve just extended credit at 5% interest…without a credit check or additional hassles. There is no credit card this inexpensive! And remember, the important thing is the money will be automatically drafted out of his or her account every month, which virtually assures that you’ll be paid.

How do you collect your 5% service fee from me, the doctor? It’s a simple process. Corporate Support Services automatically drafts your account the next day after the monthly deposit for the amount of the service fees. In the example, if you have 50 patients on the plan who pay you $50 a month, they would each incur a $2.50 service fee. So each month, Corporate Support Services would be depositing $2,500 worth of payments into your account, plus the $125 worth of service fees. What you will see deposited into your account will be 50 checks for $52.50 each, for a total of $2,625. Then Corporate Support Services will simply draft your account and collect our $125 fee plus the fee per check printed we negotiated with you when we set the program up. It is hassle free for you.

Does the monthly payment have to be the same amount for each patient? No, the program is completely flexible. You can assign whatever payment you want to each individual patient depending on their circumstances. You may have a patient who owes you $2,200, and you could put him on a plan to draft $220 out of his account for 10 months. Or you could draft $100 for 22 months. Or $22 for 100 months. It’s completely up to you. You just need to take a look at each patient and decide how much they will be willing and able to pay and set your payments accordingly.

What about paperwork? Is it complicated and time-consuming? NO, it couldn’t be more simple…. And we provide you with everything you need. First of all, Corporate Support Services will provide you with literature describing the Patient Payment Plan™ to your patients and lets them know exactly how it works. Then we provide you with application forms the patient fills out requesting all of the pertinent information about himself and the banking information. It’s just one page, and it’s extremely simple to understand….For both you and your patients. That’s it. It really is a piece of cake. There’s nothing more to it than that. The only thing you or your office staff have to do is breathe a sigh of relief you are finally out of the banking business, once and for all!

Patient Payment Plan™

Norman G. Becker, Jr., D. D. S.
Practice Limited to Periodontics

Dear Colleague,

We all face the dilemma of how to collect our fees from patients while still providing the professional care they seek. This leaves us with two financial decisions: 1) limit the credit risk by requiring the patient to pay in full at the time of service, or 2) offer in-house payment arrangements and hope the patient honors the payment terms. The first decision limits your income as business is turned away, and the second increases your administrative costs and headaches.

Nine months ago a representative of the Patient Payment Plan (PPP) approached me with a unique solution to the traditional payment dilemma. The solution was to set up my patients on affordable monthly payments and collect those payments using automatic bank deductions from their checking accounts. I liked the idea but was skeptical at first thinking patients would never agree to such arrangements. Much to my surprise, I now have 22 patients on automatic deductions and I am very pleased with the results. My office has realized benefits too numerous to list, but I would like to share these:

I am now more WILLING to extend credit to my patients because I am certain that PPP will collect my fees. In fact, my collection rate with this service is almost 98%. And since I am willing to extend credit, I expect my revenue to increase by almost $50,000 this year as I can collect from patients I might have turned away before.
The service helps me filter out those patients who would have otherwise
been payment problems. Some patients will not agree to an automatic
deduction program and will instead opt to pay in full.
Since my staff no longer has to deal with internal payment arrangements,
they can concentrate on patient care and other important operating aspects
of my practice. In essence, I’m finally out of the banking business.

The banking technology PPP uses has been around for many years and has been successfully used by insurance companies to collect monthly premiums. Now you can benefit from it. It has made a believer out of me, and I urge you to fully investigate this valuable practice tool.

Sincerely,
Dr. Norman “Bill” Becker, Jr.