Tag

AR (accounts receivable) recovery may be something for you to consider if your AR has greater than 40% of receivables greater than 120 days. Of course if this is the case, you probably need a lot more than just recovery efforts. Something is perpetuating that problem and in... Read More

Healthcare Practice Managers are always in need of good advice. For that matter, any manager is in need of good advice. Over many years of practice management and being in the healthcare industry, I have had several experiences that have taught me something. Maybe not always at... Read More

Healthcare practices large and small could all learn some things from looking at the way billing companies of healthcare practices operate. Billing companies make their money on volume billing as most are a percentage of collections. These days, the percent charged is pretty low... Read More

The single most important reason to lowering your claim denials is simple, to bring in additional revenue by less delay of payment and lowering billing costs. Most practices have the software available that should enable them to produce and analyze reports which will provide... Read More

There is a reason there are provider practices called “best practices.”  They fall into a category of healthcare practices that are determined to not only strive for that excellence in every aspect of their healthcare delivery but also achieve it. So how do you know that... Read More

The importance of accurate data cannot be underestimated in the healthcare business world right now.  The development and use of a PQRS (Physician Quality Reporting System) report for your practice will mean not only incentive payment but also avoidance of penalties. In 2013,... Read More

So you have decided to get really serious about cleaning up (AR) accounts receivable…..where do you begin? The logical place to start is by running reports to analyze exactly where AR stands.  Today you should be receiving year end reports that will undoubtedly include an... Read More