Improve Your A/R Turnaround with a 4-Prong Approach
Published on Wed Feb 24, 2010
Follow up on claim acceptance to beat the denial waiting game. A tight economy coupled with an electronic health record imperative means that medical practices are under more pressure than ever to collect every cent available to them. Follow these three tips to refine billing procedures and get more results -- with less effort. 1. Review financial measurements. You may think your accounts receivable (A/R) department is running at 100 percent efficiency, but when is the last time you reviewed the processes? When Medicare pay appears poised to drop, practices try to immediately focus on improving their A/R, but this should be an ongoing goal, says David J. Zetter, PHR, CHCC, CHCO, CPC, CPCH, PCS, FCS, CHBC, with Zetter Healthcare Management Consultants. "There are always situations like these that bring about a better financial focus on the business when the impact is great or immediate, but it may be too late [...]