How do you know that you are being reimbursed efficiently and completely?
As a physician you work hard to provide convenient and quality care to your patients. Then you rely on other individuals to ensure that you are properly compensated for those services.
There are key performance measures that put you in control of your money and provide confidence that you are receiving all collectable dollars.
In this post we review the Days in AR:
This metric provides insight into the efficiency of the practice’s billing and collections processes. The days in AR reveal the average time it takes to get paid for services rendered.
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Target: 30 Days or Less
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Tips to improve your practice’s Days in AR:
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Scrub claims to ensure all necessary information is included
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Submit claims as soon as possible after services are rendered
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Manage clearinghouse rejections
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Follow-up on unpaid claims in a timely manner
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Ensure patients understand their financial responsibility
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Post payments as soon as received
Don’t leave your revenue to chance. Contact us today to schedule your assessment and take the first step towards optimizing your revenue cycle operations.
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Email wshields@eyeprogpo.com or use the calendar link below: