This is a possible form a Physician may use in his/her medical practice. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
California Financial Policy for Physician's Office
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State:
Multi-State
Control #:
US-02395BG
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Word;
PDF;
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How to fill out Financial Policy For Physician's Office?
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FAQ
Many practices have policies that explain the different methods patients can use to pay for treatment. It's a good idea to provide patients with a written, formal financial policy that details the specific provisions of any financing options available in your practice.
Patient statements list a description of services with their charges, what's covered by insurance, and a total. It's helpful to restate the total so that it's easy to identify between other charges.
The basic elements of an effective medical office financial policy includes the medical office addressing all possible scenarios, including financial arrangements and payment plans, payments not covered by insurance, and other special circumstances.
Medical office personnel should educate patients about their financial responsibilities, including co-payments, deductibles, and out-of-pocket charges. Moreover, staff members should be able to accept payments at the time of service and be familiar with different payment methods.
Differences in participation contracts may reduce the physician's fee. The patient's actual amount due is not known. Where should the practice's financial policy be displayed or included? It should be displayed on the wall of the reception area.
Payment policy essentials A well-crafted policy will prevent patients from being surprised about their financial obligation when they receive your services. It will also give your practice some legal protection should a patient fail to pay what you are entitled to collect.
Encounter forms document where and when services are rendered. By noting the diagnosis and procedure codes, as well as the date of service, physicians and other medical care providers create the basis for accurately billing both insurance and individual patients for those services.