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In less than a year, this practice cut its accounts receivable in half by changing its approach to billing.
The author, a practice administrator, identifies reasons practices find it difficult to ask patients to pay at the time services are rendered and provides detailed instructions for improving collection rates.
Developed by a committee representing health plans and medical specialty societies including the AAFP, these tips are designed to assist family physicians and their billing staff reduce payment delays attributed to problems related to coordination of benefits.
Once you know how to read it, your balance sheet will tell you volumes about the financial health of your practice.
Practical tips on how practices can improve their cash flow by improving the policies and procedures they use in billing their patients, filing insurance claims and tracking and collecting bills.
Knowing your collection rate and overhead percentage isn't enough anymore. Here are 10 questions you need to be able to answer.
This article discusses the characteristics of a healthy A/R and how to improve it.