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It’s Only Going to Get Worse:
Surviving the Tough New Reality for Doctors

ProfitWise
Solutions
Getting You Paid Faster
Let’s Get One Thing Straight...

ProfitWise
Solutions
Getting You Paid Faster
Let’s Get One Thing Straight...

A doctor’s relationship, both clinical and
financial, is with the patient. Remember?
ProfitWise
Solutions
Getting You Paid Faster
History of Medical Payments
Patient Responsibility.
1970’s 100% paid the doctor and then got
Patients
reimbursed by the insurance company.
(Remember those days?)

ProfitWise
Solutions
Getting You Paid Faster
History of Medical Payments
Patient Responsibility.
1970’s 100% paid the doctor and then got
Patients
reimbursed by the insurance company.
(Remember those days?)

1980’s 20% Patient Responsibility.
Doctors started filing claims, living off the
80% insurance money and didn’t care if the
patients aid their portion.

ProfitWise
Solutions
Getting You Paid Faster
History of Medical Payments
Patient Responsibility.
1970’s 100% paid the doctor and then got
Patients
reimbursed by the insurance company.
(Remember those days?)

1980’s 20% Patient Responsibility.
Doctors started filing claims, living off the
80% insurance money and didn’t care if the
patients aid their portion.

1990’s 10% Patient Responsibility.
Because the patient portion was not really
2000’s pursued, the message was clear, “You don’t
have to pay your medical bills.” So few did.

ProfitWise
Solutions
Getting You Paid Faster
History of Medical Payments
Patient Responsibility.
1970’s 100% paid the doctor and then got
Patients
reimbursed by the insurance company.
(Remember those days?)

1980’s 20% Patient Responsibility.
Doctors started filing claims, living off the
80% insurance money and didn’t care if the
patients aid their portion.

1990’s 10% Patient Responsibility.
Because the patient portion was not really
2000’s pursued, the message was clear, “You don’t
have to pay your medical bills.” So few did.

2010’s 0% Patient Responsibility.
An entire generation of Americans have
learned to not pay their portion, but with
reimbursements plummeting, this must stop.

ProfitWise
Solutions
Getting You Paid Faster
History of Medical Payments
Patient Responsibility.
1970’s 100% paid the doctor and then got
Patients
reimbursed by the insurance company.
(Remember those days?)

1980’s 20% Patient Responsibility.
Doctors started filing claims, living off the
80% insurance money and didn’t care if the
patients aid their portion.

1990’s 10% Patient Responsibility.
Because the patient portion was not really
2000’s pursued, the message was clear, “You don’t
have to pay your medical bills.” So few did.

2010’s 0% Patient Responsibility.
An entire generation of Americans have
learned to not pay their portion, but with
reimbursements plummeting, this must stop.

2014... Who’s Responsible? will only
The Exchanges, HDHPs & ICD-10
increase the mass confusion about what is
and isn’t covered & how much to pay.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

ProfitWise
Solutions
Getting You Paid Faster
The
Fact #1

Tough New Reality for Doctors

Doctors have lived off mostly insurance money for decades.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

Fact #4

The patients owe the remaining balance.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

Fact #4

The patients owe the remaining balance.

Fact #5

Most patients haven’t been paying their portion for years.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

Fact #4

The patients owe the remaining balance.

Fact #5

Most patients haven’t been paying their portion for years.

Fact #6

Practices are losing money every single month.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

Fact #4

The patients owe the remaining balance.

Fact #5

Most patients haven’t been paying their portion for years.

Fact #6

Practices are losing money every single month.

Fact #7

To survive, doctors have been cutting staff & borrowing.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

Fact #4

The patients owe the remaining balance.

Fact #5

Most patients haven’t been paying their portion for years.

Fact #6

Practices are losing money every single month.

Fact #7

To survive, doctors have been cutting staff & borrowing.

Fact #8

This is not working, and is certainly not sustainable.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

Fact #4

The patients owe the remaining balance.

Fact #5

Most patients haven’t been paying their portion for years.

Fact #6

Practices are losing money every single month.

Fact #7

To survive, doctors have been cutting staff & borrowing.

Fact #8

This is not working, and is certainly not sustainable.

Fact #9

The Exchanges, HDHPs & ICD-10, will make it worse.

ProfitWise
Solutions
Getting You Paid Faster
The

Tough New Reality for Doctors

Fact #1

Doctors have lived off mostly insurance money for decades.

Fact #2

Insurance reimbursements are plummeting yearly.

Fact #3

This downward trend won’t be changing any time soon, right?

Fact #4

The patients owe the remaining balance.

Fact #5

Most patients haven’t been paying their portion for years.

Fact #6

Practices are losing money every single month.

Fact #7

To survive, doctors have been cutting staff & borrowing.

Fact #8

This is not working, and is certainly not sustainable.

Fact #9

The Exchanges, HDHPs & ICD-10, will make it worse.

Fact #10

ProfitWise
Doctors must learn to collect the patient dollar...and fast!
Solutions
Getting You Paid Faster
The Urgent Burden of Debt
This chart
shows the
amount of
SBA-backed
loan dollars
borrowed by
independent
doctors from
from 2000 to
2011

ProfitWise
Solutions
Getting You Paid Faster
The Urgent Burden of Debt
This chart
shows the
amount of
SBA-backed
loan dollars
borrowed by
independent
doctors from
from 2000 to
2011

A 10-fold increase in just 10 years. Wow!
How much longer, realistically, will this “quick-cash” kind-of-fix
sustain these practices?
ProfitWise
Solutions
Getting You Paid Faster
The Options?

ProfitWise
Solutions
Getting You Paid Faster
The Options?
1)

Play the Ostrich (and deny reality)

ProfitWise
Solutions
Getting You Paid Faster
The Options?
1)

Play the Ostrich (and deny reality)

2)

Play the Damsel (hoping the hospitals will save you)

ProfitWise
Solutions
Getting You Paid Faster
The Options?
1)

Play the Ostrich (and deny reality)

2)

Play the Damsel (hoping the hospitals will save you)

3)

Play Dreamy Smurf (and fantasize of a pre-pay practice)

ProfitWise
Solutions
Getting You Paid Faster
The Options?
1)

Play the Ostrich (and deny reality)

2)

Play the Damsel (hoping the hospitals will save you)

3)

Play Dreamy Smurf (and fantasize of a pre-pay practice)

4)

Play King Solomon (and get wise like other savvy doctors)
ProfitWise
Solutions
Getting You Paid Faster
The Options?
1)

Play the Ostrich (and deny reality)

2)

Play the Damsel (hoping the hospitals will save you)

3)

Play Dreamy Smurf (and fantasize of a pre-pay practice)

4)

Play King Solomon (and get wise like other savvy doctors)
ProfitWise
Solutions
Getting You Paid Faster
Bottomline:

ProfitWise
Solutions
Getting You Paid Faster
Bottomline:
Maybe for the first time...

ProfitWise
Solutions
Getting You Paid Faster
Bottomline:
Maybe for the first time... Ever!

ProfitWise
Solutions
Getting You Paid Faster
Bottomline:
Maybe for the first time... Ever!
You have GOT to learn how to get your
patients to pay their portion...

ProfitWise
Solutions
Getting You Paid Faster
Bottomline:
Maybe for the first time... Ever!
You have GOT to learn how to get your
patients to pay their portion...
...or else!
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?

ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:
“We’ll just try harder.”

ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:
“We’ll just try harder.”
“We’ll hire more staff.”

ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:
“We’ll just try harder.”
“We’ll hire more staff.”
“We’ll get it upon arrival.”

ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:
“We’ll just try harder.”
“We’ll hire more staff.”
“We’ll get it upon arrival.”
“Our agency will get it.”
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

Savvy Wisdom:

“We’ll just try harder.”
“We’ll hire more staff.”
“We’ll get it upon arrival.”
“Our agency will get it.”
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

Savvy Wisdom:

“We’ll just try harder.”
“We’ll hire more staff.”

Pray for daily
miracles!

“We’ll get it upon arrival.”
“Our agency will get it.”
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

Savvy Wisdom:

“We’ll just try harder.”
“We’ll hire more staff.”

Just kidding.

“We’ll get it upon arrival.”
“Our agency will get it.”
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

Savvy Wisdom:

“We’ll just try harder.”

Leverage...

“We’ll hire more staff.”
“We’ll get it upon arrival.”
“Our agency will get it.”
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

Savvy Wisdom:

“We’ll just try harder.”

Leverage...

“We’ll hire more staff.”

The Rosenthal Effect,

“We’ll get it upon arrival.”
“Our agency will get it.”
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

Savvy Wisdom:

“We’ll just try harder.”

Leverage...

“We’ll hire more staff.”

The Rosenthal Effect,

“We’ll get it upon arrival.” The 4 Payer Motivations
“Our agency will get it.”
ProfitWise
Solutions
Getting You Paid Faster
So how do you get patients to
actually pay their portion?
Common Answers:

Savvy Wisdom:

“We’ll just try harder.”

Leverage...

“We’ll hire more staff.”

The Rosenthal Effect,

“We’ll get it upon arrival.” The 4 Payer Motivations
“Our agency will get it.”

Automation & Frequency
ProfitWise
Solutions
Getting You Paid Faster
We can show you how.

ProfitWise
Solutions
Getting You Paid Faster
However, we can show you how.
We help doctors everyday. All
day. Nationwide.

ProfitWise
Solutions
Getting You Paid Faster
However, we can show you how.
We help doctors everyday. All
day. Nationwide.
There’s no need to go broke.

ProfitWise
Solutions
Getting You Paid Faster
However, we can show you how.
We help doctors everyday. All
day. Nationwide.
There’s no need to go broke.
Our clients are doing just fine.
ProfitWise
Solutions
Getting You Paid Faster
Learn how to keep your practice
flush with cash.

ProfitWise
Solutions
Getting You Paid Faster
Learn how to keep your practice
flush with cash.
It’s easier than you think.

ProfitWise
Solutions
Getting You Paid Faster
Learn how to keep your practice
flush with cash.
It’s easier than you think.
Just ask for a personalized
A/R strategy meeting.

ProfitWise
Solutions
Getting You Paid Faster
In just 20-30 minutes,

ProfitWise
Solutions
Getting You Paid Faster
In just 20-30 minutes,
We’ll cover...

ProfitWise
Solutions
Getting You Paid Faster
1

It’s Only Going to Get Worse:
Surviving the Tough New Reality for Doctors

ProfitWise
Solutions
Getting You Paid Faster
1

It’s Only Going to Get Worse:

2

Don’t Go Broke:

Surviving the Tough New Reality for Doctors

Why Your 2-Stage Approach Isn’t Working

ProfitWise
Solutions
Getting You Paid Faster
1

It’s Only Going to Get Worse:

2

Don’t Go Broke:

3

3 Revolutionary A/R Strategies:

Surviving the Tough New Reality for Doctors

Why Your 2-Stage Approach Isn’t Working

The Only Realistic & Sustainable Way to Profits

ProfitWise
Solutions
Getting You Paid Faster
1

It’s Only Going to Get Worse:

2

Don’t Go Broke:

3

3 Revolutionary A/R Strategies:

4

Sneak Peak

Surviving the Tough New Reality for Doctors

Why Your 2-Stage Approach Isn’t Working

The Only Realistic & Sustainable Way to Profits

2 Heroic Apps That Could Save Your Practice

ProfitWise
Solutions
Getting You Paid Faster
1

It’s Only Going to Get Worse:

2

Don’t Go Broke:

3

3 Revolutionary A/R Strategies:

4

Sneak Peak

Bonus

Surviving the Tough New Reality for Doctors

Why Your 2-Stage Approach Isn’t Working

The Only Realistic & Sustainable Way to Profits

2 Heroic Apps That Could Save Your Practice

Quadrupling Your Recovery Rates
Yes. Seriously. Here’s Real-World Proof.

ProfitWise
Solutions
Getting You Paid Faster
You’ll find this fascinating!

ProfitWise
Solutions
Getting You Paid Faster
You’ll find this fascinating!
As a matter of fact,

ProfitWise
Solutions
Getting You Paid Faster
You’ll find this fascinating!
As a matter of fact,
You’re peers will think you have
a magic wand!

ProfitWise
Solutions
Getting You Paid Faster
You’ll find this fascinating!
As a matter of fact,
You’re peers will think you have
a magic wand!
No kidding.
ProfitWise
Solutions
Getting You Paid Faster
Seriously.

ProfitWise
Solutions
Getting You Paid Faster
Seriously.
Staying profitable is only going to get
harder.

ProfitWise
Solutions
Getting You Paid Faster
Seriously.
Staying profitable is only going to get
harder.
Even if you sell-out, the ACOs will still
want to you get that patient dollar!

ProfitWise
Solutions
Getting You Paid Faster
Seriously.
Staying profitable is only going to get
harder.
Even if you sell-out, the ACOs will still
want to you get that patient dollar!
So....

ProfitWise
Solutions
Getting You Paid Faster
Seriously.
Staying profitable is only going to get
harder.
Even if you sell-out, the ACOs will still
want to you get that patient dollar!
So....

Don’t Go Broke!
ProfitWise
Solutions
Getting You Paid Faster
Seriously.
Staying profitable is only going to get
harder.
Even if you sell-out, they’ll still want
to you get that patient dollar!
So....

Don’t Go Broke!
Learn How To Get Patients To Actually
Pay Their Portion

ProfitWise
Solutions
Getting You Paid Faster
You want in on this?

ProfitWise
Solutions
Getting You Paid Faster
You want in on this?
Set-up a time now.

ProfitWise
Solutions
Getting You Paid Faster
You want in on this?
Set-up a time now.
Go to
www.profitwisesolutions.com

Check it out!
ProfitWise
Solutions
Getting You Paid Faster

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The Tough New Reality for Doctors

  • 1. It’s Only Going to Get Worse: Surviving the Tough New Reality for Doctors ProfitWise Solutions Getting You Paid Faster
  • 2. Let’s Get One Thing Straight... ProfitWise Solutions Getting You Paid Faster
  • 3. Let’s Get One Thing Straight... A doctor’s relationship, both clinical and financial, is with the patient. Remember? ProfitWise Solutions Getting You Paid Faster
  • 4. History of Medical Payments Patient Responsibility. 1970’s 100% paid the doctor and then got Patients reimbursed by the insurance company. (Remember those days?) ProfitWise Solutions Getting You Paid Faster
  • 5. History of Medical Payments Patient Responsibility. 1970’s 100% paid the doctor and then got Patients reimbursed by the insurance company. (Remember those days?) 1980’s 20% Patient Responsibility. Doctors started filing claims, living off the 80% insurance money and didn’t care if the patients aid their portion. ProfitWise Solutions Getting You Paid Faster
  • 6. History of Medical Payments Patient Responsibility. 1970’s 100% paid the doctor and then got Patients reimbursed by the insurance company. (Remember those days?) 1980’s 20% Patient Responsibility. Doctors started filing claims, living off the 80% insurance money and didn’t care if the patients aid their portion. 1990’s 10% Patient Responsibility. Because the patient portion was not really 2000’s pursued, the message was clear, “You don’t have to pay your medical bills.” So few did. ProfitWise Solutions Getting You Paid Faster
  • 7. History of Medical Payments Patient Responsibility. 1970’s 100% paid the doctor and then got Patients reimbursed by the insurance company. (Remember those days?) 1980’s 20% Patient Responsibility. Doctors started filing claims, living off the 80% insurance money and didn’t care if the patients aid their portion. 1990’s 10% Patient Responsibility. Because the patient portion was not really 2000’s pursued, the message was clear, “You don’t have to pay your medical bills.” So few did. 2010’s 0% Patient Responsibility. An entire generation of Americans have learned to not pay their portion, but with reimbursements plummeting, this must stop. ProfitWise Solutions Getting You Paid Faster
  • 8. History of Medical Payments Patient Responsibility. 1970’s 100% paid the doctor and then got Patients reimbursed by the insurance company. (Remember those days?) 1980’s 20% Patient Responsibility. Doctors started filing claims, living off the 80% insurance money and didn’t care if the patients aid their portion. 1990’s 10% Patient Responsibility. Because the patient portion was not really 2000’s pursued, the message was clear, “You don’t have to pay your medical bills.” So few did. 2010’s 0% Patient Responsibility. An entire generation of Americans have learned to not pay their portion, but with reimbursements plummeting, this must stop. 2014... Who’s Responsible? will only The Exchanges, HDHPs & ICD-10 increase the mass confusion about what is and isn’t covered & how much to pay. ProfitWise Solutions Getting You Paid Faster
  • 9. The Tough New Reality for Doctors ProfitWise Solutions Getting You Paid Faster
  • 10. The Fact #1 Tough New Reality for Doctors Doctors have lived off mostly insurance money for decades. ProfitWise Solutions Getting You Paid Faster
  • 11. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. ProfitWise Solutions Getting You Paid Faster
  • 12. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? ProfitWise Solutions Getting You Paid Faster
  • 13. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? Fact #4 The patients owe the remaining balance. ProfitWise Solutions Getting You Paid Faster
  • 14. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? Fact #4 The patients owe the remaining balance. Fact #5 Most patients haven’t been paying their portion for years. ProfitWise Solutions Getting You Paid Faster
  • 15. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? Fact #4 The patients owe the remaining balance. Fact #5 Most patients haven’t been paying their portion for years. Fact #6 Practices are losing money every single month. ProfitWise Solutions Getting You Paid Faster
  • 16. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? Fact #4 The patients owe the remaining balance. Fact #5 Most patients haven’t been paying their portion for years. Fact #6 Practices are losing money every single month. Fact #7 To survive, doctors have been cutting staff & borrowing. ProfitWise Solutions Getting You Paid Faster
  • 17. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? Fact #4 The patients owe the remaining balance. Fact #5 Most patients haven’t been paying their portion for years. Fact #6 Practices are losing money every single month. Fact #7 To survive, doctors have been cutting staff & borrowing. Fact #8 This is not working, and is certainly not sustainable. ProfitWise Solutions Getting You Paid Faster
  • 18. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? Fact #4 The patients owe the remaining balance. Fact #5 Most patients haven’t been paying their portion for years. Fact #6 Practices are losing money every single month. Fact #7 To survive, doctors have been cutting staff & borrowing. Fact #8 This is not working, and is certainly not sustainable. Fact #9 The Exchanges, HDHPs & ICD-10, will make it worse. ProfitWise Solutions Getting You Paid Faster
  • 19. The Tough New Reality for Doctors Fact #1 Doctors have lived off mostly insurance money for decades. Fact #2 Insurance reimbursements are plummeting yearly. Fact #3 This downward trend won’t be changing any time soon, right? Fact #4 The patients owe the remaining balance. Fact #5 Most patients haven’t been paying their portion for years. Fact #6 Practices are losing money every single month. Fact #7 To survive, doctors have been cutting staff & borrowing. Fact #8 This is not working, and is certainly not sustainable. Fact #9 The Exchanges, HDHPs & ICD-10, will make it worse. Fact #10 ProfitWise Doctors must learn to collect the patient dollar...and fast! Solutions Getting You Paid Faster
  • 20. The Urgent Burden of Debt This chart shows the amount of SBA-backed loan dollars borrowed by independent doctors from from 2000 to 2011 ProfitWise Solutions Getting You Paid Faster
  • 21. The Urgent Burden of Debt This chart shows the amount of SBA-backed loan dollars borrowed by independent doctors from from 2000 to 2011 A 10-fold increase in just 10 years. Wow! How much longer, realistically, will this “quick-cash” kind-of-fix sustain these practices? ProfitWise Solutions Getting You Paid Faster
  • 23. The Options? 1) Play the Ostrich (and deny reality) ProfitWise Solutions Getting You Paid Faster
  • 24. The Options? 1) Play the Ostrich (and deny reality) 2) Play the Damsel (hoping the hospitals will save you) ProfitWise Solutions Getting You Paid Faster
  • 25. The Options? 1) Play the Ostrich (and deny reality) 2) Play the Damsel (hoping the hospitals will save you) 3) Play Dreamy Smurf (and fantasize of a pre-pay practice) ProfitWise Solutions Getting You Paid Faster
  • 26. The Options? 1) Play the Ostrich (and deny reality) 2) Play the Damsel (hoping the hospitals will save you) 3) Play Dreamy Smurf (and fantasize of a pre-pay practice) 4) Play King Solomon (and get wise like other savvy doctors) ProfitWise Solutions Getting You Paid Faster
  • 27. The Options? 1) Play the Ostrich (and deny reality) 2) Play the Damsel (hoping the hospitals will save you) 3) Play Dreamy Smurf (and fantasize of a pre-pay practice) 4) Play King Solomon (and get wise like other savvy doctors) ProfitWise Solutions Getting You Paid Faster
  • 29. Bottomline: Maybe for the first time... ProfitWise Solutions Getting You Paid Faster
  • 30. Bottomline: Maybe for the first time... Ever! ProfitWise Solutions Getting You Paid Faster
  • 31. Bottomline: Maybe for the first time... Ever! You have GOT to learn how to get your patients to pay their portion... ProfitWise Solutions Getting You Paid Faster
  • 32. Bottomline: Maybe for the first time... Ever! You have GOT to learn how to get your patients to pay their portion... ...or else! ProfitWise Solutions Getting You Paid Faster
  • 33. So how do you get patients to actually pay their portion? ProfitWise Solutions Getting You Paid Faster
  • 34. So how do you get patients to actually pay their portion? Common Answers: ProfitWise Solutions Getting You Paid Faster
  • 35. So how do you get patients to actually pay their portion? Common Answers: “We’ll just try harder.” ProfitWise Solutions Getting You Paid Faster
  • 36. So how do you get patients to actually pay their portion? Common Answers: “We’ll just try harder.” “We’ll hire more staff.” ProfitWise Solutions Getting You Paid Faster
  • 37. So how do you get patients to actually pay their portion? Common Answers: “We’ll just try harder.” “We’ll hire more staff.” “We’ll get it upon arrival.” ProfitWise Solutions Getting You Paid Faster
  • 38. So how do you get patients to actually pay their portion? Common Answers: “We’ll just try harder.” “We’ll hire more staff.” “We’ll get it upon arrival.” “Our agency will get it.” ProfitWise Solutions Getting You Paid Faster
  • 39. So how do you get patients to actually pay their portion? Common Answers: Savvy Wisdom: “We’ll just try harder.” “We’ll hire more staff.” “We’ll get it upon arrival.” “Our agency will get it.” ProfitWise Solutions Getting You Paid Faster
  • 40. So how do you get patients to actually pay their portion? Common Answers: Savvy Wisdom: “We’ll just try harder.” “We’ll hire more staff.” Pray for daily miracles! “We’ll get it upon arrival.” “Our agency will get it.” ProfitWise Solutions Getting You Paid Faster
  • 41. So how do you get patients to actually pay their portion? Common Answers: Savvy Wisdom: “We’ll just try harder.” “We’ll hire more staff.” Just kidding. “We’ll get it upon arrival.” “Our agency will get it.” ProfitWise Solutions Getting You Paid Faster
  • 42. So how do you get patients to actually pay their portion? Common Answers: Savvy Wisdom: “We’ll just try harder.” Leverage... “We’ll hire more staff.” “We’ll get it upon arrival.” “Our agency will get it.” ProfitWise Solutions Getting You Paid Faster
  • 43. So how do you get patients to actually pay their portion? Common Answers: Savvy Wisdom: “We’ll just try harder.” Leverage... “We’ll hire more staff.” The Rosenthal Effect, “We’ll get it upon arrival.” “Our agency will get it.” ProfitWise Solutions Getting You Paid Faster
  • 44. So how do you get patients to actually pay their portion? Common Answers: Savvy Wisdom: “We’ll just try harder.” Leverage... “We’ll hire more staff.” The Rosenthal Effect, “We’ll get it upon arrival.” The 4 Payer Motivations “Our agency will get it.” ProfitWise Solutions Getting You Paid Faster
  • 45. So how do you get patients to actually pay their portion? Common Answers: Savvy Wisdom: “We’ll just try harder.” Leverage... “We’ll hire more staff.” The Rosenthal Effect, “We’ll get it upon arrival.” The 4 Payer Motivations “Our agency will get it.” Automation & Frequency ProfitWise Solutions Getting You Paid Faster
  • 46. We can show you how. ProfitWise Solutions Getting You Paid Faster
  • 47. However, we can show you how. We help doctors everyday. All day. Nationwide. ProfitWise Solutions Getting You Paid Faster
  • 48. However, we can show you how. We help doctors everyday. All day. Nationwide. There’s no need to go broke. ProfitWise Solutions Getting You Paid Faster
  • 49. However, we can show you how. We help doctors everyday. All day. Nationwide. There’s no need to go broke. Our clients are doing just fine. ProfitWise Solutions Getting You Paid Faster
  • 50. Learn how to keep your practice flush with cash. ProfitWise Solutions Getting You Paid Faster
  • 51. Learn how to keep your practice flush with cash. It’s easier than you think. ProfitWise Solutions Getting You Paid Faster
  • 52. Learn how to keep your practice flush with cash. It’s easier than you think. Just ask for a personalized A/R strategy meeting. ProfitWise Solutions Getting You Paid Faster
  • 53. In just 20-30 minutes, ProfitWise Solutions Getting You Paid Faster
  • 54. In just 20-30 minutes, We’ll cover... ProfitWise Solutions Getting You Paid Faster
  • 55. 1 It’s Only Going to Get Worse: Surviving the Tough New Reality for Doctors ProfitWise Solutions Getting You Paid Faster
  • 56. 1 It’s Only Going to Get Worse: 2 Don’t Go Broke: Surviving the Tough New Reality for Doctors Why Your 2-Stage Approach Isn’t Working ProfitWise Solutions Getting You Paid Faster
  • 57. 1 It’s Only Going to Get Worse: 2 Don’t Go Broke: 3 3 Revolutionary A/R Strategies: Surviving the Tough New Reality for Doctors Why Your 2-Stage Approach Isn’t Working The Only Realistic & Sustainable Way to Profits ProfitWise Solutions Getting You Paid Faster
  • 58. 1 It’s Only Going to Get Worse: 2 Don’t Go Broke: 3 3 Revolutionary A/R Strategies: 4 Sneak Peak Surviving the Tough New Reality for Doctors Why Your 2-Stage Approach Isn’t Working The Only Realistic & Sustainable Way to Profits 2 Heroic Apps That Could Save Your Practice ProfitWise Solutions Getting You Paid Faster
  • 59. 1 It’s Only Going to Get Worse: 2 Don’t Go Broke: 3 3 Revolutionary A/R Strategies: 4 Sneak Peak Bonus Surviving the Tough New Reality for Doctors Why Your 2-Stage Approach Isn’t Working The Only Realistic & Sustainable Way to Profits 2 Heroic Apps That Could Save Your Practice Quadrupling Your Recovery Rates Yes. Seriously. Here’s Real-World Proof. ProfitWise Solutions Getting You Paid Faster
  • 60. You’ll find this fascinating! ProfitWise Solutions Getting You Paid Faster
  • 61. You’ll find this fascinating! As a matter of fact, ProfitWise Solutions Getting You Paid Faster
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  • 63. You’ll find this fascinating! As a matter of fact, You’re peers will think you have a magic wand! No kidding. ProfitWise Solutions Getting You Paid Faster
  • 65. Seriously. Staying profitable is only going to get harder. ProfitWise Solutions Getting You Paid Faster
  • 66. Seriously. Staying profitable is only going to get harder. Even if you sell-out, the ACOs will still want to you get that patient dollar! ProfitWise Solutions Getting You Paid Faster
  • 67. Seriously. Staying profitable is only going to get harder. Even if you sell-out, the ACOs will still want to you get that patient dollar! So.... ProfitWise Solutions Getting You Paid Faster
  • 68. Seriously. Staying profitable is only going to get harder. Even if you sell-out, the ACOs will still want to you get that patient dollar! So.... Don’t Go Broke! ProfitWise Solutions Getting You Paid Faster
  • 69. Seriously. Staying profitable is only going to get harder. Even if you sell-out, they’ll still want to you get that patient dollar! So.... Don’t Go Broke! Learn How To Get Patients To Actually Pay Their Portion ProfitWise Solutions Getting You Paid Faster
  • 70. You want in on this? ProfitWise Solutions Getting You Paid Faster
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