Practice tip of the week: Reducing accounts receivable turnaround
Your weekly dose of wisdom from the Physicians Practice experts.
With all the useful information available on Physicians Practice, it is easy to become overwhelmed.
With this in mind, the tip of the week is a chance to reflect on some of the wisdom found all across the site. In this October 2019 article on reducing the accounts receivable turnaround time, Alpha B. Journal, PA-C, MBA gives this tip:
Preempt denials
Invest in solutions that can help significantly reduce the number of mistakes in submitted claims. When there are mistakes in a submitted claim, the payers may deny it. You will then have to file a denial appeal. The process of clearing the account receivable will take longer than normal then. Thus, it is imperative to submit a clean claim if you want to receive the payment at the soonest time possible.
Click here to read the rest of the article and be sure to check back next week for another Tip of the Week!
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