5 tips to reduce accounts receivable turnaround time
Here are some helpful strategies to ensure your practice gets paid on time.
As soon as your medical practice sends a claim to the payer, you will only be counting down the days until you receive the actual payment.
Of course, it is a must to ensure that you receive the payment as soon as possible since delays will eventually cost your business. It is ideal to get the account receivables cleared in less than 30 days.
However, there are cases when the payment gets delayed. There are several factors why it takes a long time for a payer to make the payment.
Here are some of those factors:
- claim errors
- multiple denial appeal
- missing the right time for filing
Do your best to reduce the A/R turnaround time.
Here are some helpful tips that you can take advantage of:
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