We were told by our practice management vendor that we should always run our financial reports by the billing date instead of the date of service. Why would running a report on charges, for example, be better by billing date as compared to date of service?
Question: We were told by our practice management vendor that we should always run our financial reports by the billing date instead of the date of service. Why would running a report on charges, for example, be better by billing date as compared to date of service?
Answer: Well, the main reason is that industry benchmarks typically use date billed. For example, the Medical Group Management Association measures days in A/R from date billed. Of course, this leaves open the possibility that you are creating delays by not submitting claims promptly, but you should be doing so automatically.
HIPAA highlights: 2 disturbing class actions, OCR risk analysis enforcement
April 24th 2025Two class-action lawsuits targeting the University of Maryland Medical Center and the University of Kansas Health System for years-long cyberstalking and unauthorized access to protected health information spotlight massive HIPAA risk-analysis failures and underscore the urgent need for stronger health care cybersecurity safeguards.