Many practices make common collection mistakes that when left unattended can sap revenue. Here's what you can do to improve your collection process.
It is vital that practices have systematic ways to address patient collections; the following strategies can help your practice collect all that it is due.
You've purchased the technology needed to keep tabs on your practice's operations. Now make sure you're looking at the right reports.
What yardstick should you use to measure your practice against those of your colleagues?
The toughest payers to collect from are your own patients. Don't despair, there are things you can do to get paid.
Today's practice managers must plan proactively for the new year — finding new ways to cut costs and improve efficiencies.
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.
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.
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.