How good are your key accounts receivable processes? Do you even know what to measure? Find out how you are doing by entering key data from your practice and comparing your key measurements to industry benchmarks.
More »Follow our flowchart to find ways to improve your collections. A great companion to our Accounts Receivable Key Indicators calculator. If your results there are lower than you like, this flowchart will help you improve.
More »The practice I currently work for has always billed Medicare exactly what Medicare pays. Is there a downside to doing this? Does Medicare place you in another pay bracket? It does keeps the A/R lower than if we charged our fee schedule, but I want to make sure it does not have negative consequences.
More »We went to a billing seminar, and they recommended benchmarks. One of those benchmarks was days in accounts receivable (A/R) calculated by dividing total A/R by 365 days. We were told the result should be less than 45 days. Is this standard?
More »Our primary practice is working on a cessation agreement to be used when a member retires or relocates. We are using the outstanding total A/R as of the date of termination multiplied by the gross collection percentage over the most recent 12 months. That number, the Collectable A/R, is then...
More »With the current economic downturn, expect your accounts receivable to increase -- maybe dramatically.
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