Are You Paying Too Much for Your Medical Software and Patient Account Administration?
Running a medical practice in South Africa comes with many challenges, but ensuring financial stability should not be one of them. Unfortunately, some medical billing software companies are charging exorbitant fees that eat into your revenue. Let’s explore how these costs impact your practice and how Synchramed offers a better alternative for medical billing in South Africa.
The Hidden Costs of Medical Billing Software
Did you know that some medical billing software providers charge as much as 4% of your revenue just for delivering claims to medical aids? This fee is charged regardless of whether the claim gets paid or not! This practice is both unsustainable and unfair, as it takes a significant chunk out of your income for what is essentially an automated service. For many doctors, this percentage adds up to thousands of rands per month, impacting the overall profitability of their practice.
Patient Account Administration: A Growing Concern
The situation is even worse when it comes to patient account administration. Some companies charge up to 8% of your revenue, again irrespective of whether the claims are paid. These fees can cripple your practice’s finances, especially in a challenging economic climate.
At Synchramed, we believe in fairness and transparency. That’s why we offer a minimal set fee for the use of the software which is a more ethical approach. For patient account administration we charge 4% based on actual payments received, not your total revenue. This model ensures that our success is tied to yours—if you don’t get paid, we don’t charge a fee.
Why Choose Synchramed?
Synchramed is committed to supporting the financial success of medical practices across South Africa. Here’s why we stand out:
- Affordable Rates: We offer the lowest rates in the industry for medical billing in South Africa, helping you keep more of your hard-earned revenue.
- Performance-Based Fees: Our fees for patient account administration are based on payments, not revenue. This keeps us honest.
- Tailored Solutions: We provide reliable, efficient software and administrative services that meet the unique needs of your practice.
- Ethical Practices: Our business model is built on transparency and integrity, ensuring that we’re always working in your best interest.
Take Control of Your Practice’s Finances
Don’t let exorbitant fees from medical billing software companies and account administration services eat into your revenue. Switching to Synchramed means partnering with a company that genuinely cares about your financial success. With our cost-effective solutions, you can focus on what matters most: providing excellent care to your patients.
Contact Synchramed today to learn more about how we can help you save on medical billing in South Africa and improve your practice’s financial health.
