It's no secret that most people want to hold on to their money for as long as possible. This reality can be particularly difficult in healthcare, where multiple payer types – from patients to insurers to the government – make collecting what's due a complex activity.
Prompt payment does happen, but not always, which can lead to long-outstanding accounts receivable. Did you know that healthcare providers generally send an average of 3.3 billing statements out before seeing full payment from patients?
Thankfully there are steps you can take to streamline your facility's revenue cycle process and shorten the route between billing and reimbursement – while also making sure you collect every possible dollar.
To continue reading, click here.