Physicians and fiscal administrators should know how their A/R is and how it compares to similar centers. They should also know how many days items have been in A/R.
Additionally, practice owners should be aware of what kind of medical insurance plans most patients have. High-deductible health plans are becoming more prevalent, which means more of your A/R will sit in patient balances.
More Articles on Coding, Billing and Collections:
Providers Should Plan for Direct, Indirect Costs of ICD-10
Dr. Farzad Mostashari: Patience With EHRs Will Pay Off
MediGain Receives $8.5M to Expand Billing Services to ASCs
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
