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Cash-based Health Service Providers Can Generate Additional Monthly Recurring Revenue with PlanSplit6/17/2022 One of the most daunting tasks for any health service provider is generating monthly revenue. Even the slightest mistakes in the billing process can cost a lot of money. A service provider should use an automated billing solution to stay on top of all the billing and invoice-related activities. PlanSplit recurring billing software is a reliable solution that streamlines the billing process for health service providers by automating and controlling all the billing tasks. Health practitioners can use this portal to gain new consumers and collect payments from consumers. With PlanSplit, handling consumer payments is easy and quick without a separate merchant account. Let's check how cash-based health service providers can generate additional Monthly Recurring Revenue (MRR) with PlanSplit:Health practitioners can easily and quickly create and sell multiple health wellness plans, packages, memberships, and subscriptions using this platform. It removes the monthly payment complexity and ensures a consistent revenue stream for practices. The automated and human-supported effort of PlanSplit may quickly eliminate the manual errors associated with monthly payments. The unique recurring billing system allows providers to incur a fixed amount for usage-based service plans, packages, memberships, or subscriptions with the preferred monthly billing periods. Health practitioners must start offering wellness plans and packages to generate additional monthly recurring revenue. PlanSplit recurring billing management system helps them with quick and easy custom plan creation in sign-up, payment collections, renewals, and cancellations. Additionally, it removes the paperwork and reduces the staff workload while lowering the cost of payroll and plan management. As for health wellness plans, a recurring revenue stream is more reliable than a series of one-time payments. It also provides accurate monthly and annual revenue forecasts, providing greater financial transparency. This simplifies business operations and finances, reducing the risk of bankruptcy. Selling plans and packages on a cross-category marketplace to attract new customers is a wise long-term investment. The net productivity will increase with fewer charges per treatment since consumers will buy such plans more frequently than pay-per-service patients. Thus, you will gain more patients and enjoy patient compliance for other services. Moreover, health service providers can diversify their revenue streams with PlanSplit. They can create multiple plans by leveraging the sustainable recurring revenue split billing technology. For consumers, the entire cost of the service will be split billed into monthly installments over the plan period.
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AuthorPlanSplit LLC is dedicated to strengthening the bond between service providers and their consumers. Find affordable health wellness plans near you using PlanSplit. Get appreciably discounted plans for Chiropractic, Dentistry, Medical Cosmetology, Mental Health, Optometry, Veterinary, and many more health and wellness services. Archives
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