Identify precautions for accepting types of payments

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Assignment:

Medical practices prefer upfront patient payments because of the challenges of collecting overdue balances. Not only that, but upfront payments have become necessary due to the ever-increasing operating costs of the average medical practice. Unfortunately, collecting patient payments upfront can be difficult, as the barriers to upfront payments are numerous. Still, there are several steps you can take to secure payment from patients at the time of service.

Identify two (2) precautions for accepting the following types of payments: cash, check, credit card, and debit card.

Reference no: EM133343684

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