It’s no secret that in recent years, accounts receivable management has changed dramatically for healthcare providers. Payment used to be as simple as submitting a claim to an insurance company and following up to verify the remittance date. But a number of outside forces have made life, ahem, complicated for providers these days.
More than ever, time is money. The question, of course, is where to start.
- Are my days revenue outstanding meeting my goals?
- What am I doing today to reduce my days revenue outstanding?
- Do I have the processes, technology, and people in place to make a change?