Medical practitioners and administrative staff members should look critically at a practice's current accounts receivable to avoid stunted cash flow and revenue, according to Healthcare Finance News.
Physicians and fiscal administrators should know how their A/R is and how it compares to similar centers. They should also know how many days items have been in A/R.
Additionally, practice owners should be aware of what kind of medical insurance plans most patients have. High-deductible health plans are becoming more prevalent, which means more of your A/R will sit in patient balances.
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Physicians and fiscal administrators should know how their A/R is and how it compares to similar centers. They should also know how many days items have been in A/R.
Additionally, practice owners should be aware of what kind of medical insurance plans most patients have. High-deductible health plans are becoming more prevalent, which means more of your A/R will sit in patient balances.
More Articles on Coding, Billing and Collections:
Providers Should Plan for Direct, Indirect Costs of ICD-10
Dr. Farzad Mostashari: Patience With EHRs Will Pay Off
MediGain Receives $8.5M to Expand Billing Services to ASCs