Clients Who Default on Payment for Medical Billing Services

Clients that won't pay...

Here is a situation medical billing freelancers, business owners, and consultants will likely encounter sooner or later: defaulting clients.

How can you protect yourself and the business?

Here are a few tips:

1.) charge a retainer
- a retainer gives you part of the money up-front, and keeps the client involved

2.) mile-stone payments (at commencement - mid-way - completion)
- even if the client defaults at the very end, at least you have most of your money

3.) never hand files over until payment is received
- let the client know ahead of time what is required, what is expected, and when the final payment is due

4.) Offer many methods of payment (cash, check, money order, various credit cards, PayPal...)
- consider a payment plan for those who need it

5.) Offer a discount for early, or pre-payment
- a special coupon, 2-5% off, or free magazines (whatever you can offer)

6.) chase a payment the moment it is due
- make your clients understand that a 30-day invoice is exactly that

I hardly do 30-day invoices any more, except as a courtesy for super reliable, already established clients.

Why??? Because Bby the time 30 days have gone by and...

* you have given it a couple extra days to make sure
* you have contacted the client
* the client has checked their records
* a new check has been issued and
* and the mail man finally delivered it could easily turn into 60 days late, and another invoice due. After learning my lessons, all my invoices are due upon receipt, or no more than 15 days.

What else? Huh
Tips about Starting a Medical Billing Business of your own.


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