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Nothing Undermines the ROI in privately run medical practices in the USE more than the commonly practiced collection processes that, in some cases, are malfunctioning, time-consuming, unsecure and, most importantly, cost the practice owners a large chunk of their well-earned income.
The nature of collection procedures in the medical sector over the past decade have become more and more complicated. Attempts to simplify them have, so far, been without success. The average small medical practice is subject to a monthly loss of 10%-15% of net income due to unreceived payments.
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