AAPC: 5 hints for financial success

Here are five tips for maintaining strong financial success, according to AAPC.

•    Monitor productivity. Track provider productivity and manage provider expectations of compensation.  
•    Capture charges. Ensure that all services are properly identified and captured in the billing sheet or EHR.
•    Ensure claims are clean. Double check that claims are clean the first time they are sent.
•    Create effective collections policies. Put in place policies to ensure co-pays, deductibles, co-insurance and past due balances are collected.
•    Review payer contracts. Review and renegotiate contracts on a regular basis to maximize reimbursement.

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