Consolidated Billing: How it Improves Efficiency and Your Business

Did you know that there’s a strong correlation between age and hearing loss? 47% of adults ages 75 and older in the United States experience hearing loss, compared to only 30% of adults between the ages of 65 and 74. Only 18% of adults between the ages of 45 and 64 experience hearing loss.

Of course, as a hearing health care consultation company or clinic, you know how important it is to be prepared to work with patients of all ages. You also know that the same product or brand won’t be effective for every single patient. Some demographics prefer certain brands over others, and patients requiring different levels of care may need products of a different brand altogether.

But buying from multiple different brands or audiology buying groups has its own challenges. With all of those patients, each with their unique needs and preferences, you could end up being a customer for multiple different hearing aid buying groups or other suppliers. This can result in significant complications for your financial and bookkeeping departments, as the inflow of invoices can be too much to keep up with. Amid the confusion, this can lead to missed payment deadlines and significant fees for unpaid bills.

Fortunately, OneSource Hearing offers a solution in the form of consolidated billing.

OneSource Hearing is a remote consultation and audiology buying group that supports hearing health care practices. OneSource Hearing offers a wide array of products for ENTs and audiologists, as well as their patients and clients. Because of a close partnership with many of the industry’s best manufacturers, OneSource Hearing is able to provide consolidated billing to their customers and members, even for purchases made from multiple different brands.

This means that any time you place an order for a product through your membership with OneSource Hearing, that purchase gets placed on a single invoice grouped with all your other purchases. In a traditional invoicing structure, you would receive a separate invoice for every product you buy or every manufacturer you purchase from.

Benefits of consolidated billing include:

  • One bill: You get just one bill for multiple purchases or courses.
  • Combined orders: No matter who on your team is placing orders, or when orders are being placed, they all get grouped on the same receipt.
  • Bundled charges: Getting all purchases listed on the same invoice makes budgeting and bookkeeping easier to track.
  • Fewer missed payments: Instead of forgetting or glossing over bills that are almost due by mistake, you only have a handful of invoices to keep track of. This can help transform making late payments or missing payments completely a thing of the past.

From providing you the equipment and supplies you and your patients need, to helping you with your paperwork management, count on OneSource Hearing to run your practice right.

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