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How is your Accounts Receivable Health?

Running a financially healthy healthcare unit amidst all the healthcare regulatory changes that take place regularly is an arduous task. Keeping up and incorporating the changes is as essential as keeping a tab on the practice’s performance, especially on the revenue cycle.

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How is your Accounts Receivable Health?

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  1. Running a financially healthy healthcare unit amidst all the healthcare regulatory changes that take place regularly is an arduous task. Keeping up and incorporating the changes is as essential as keeping a tab on the practice’s performance, especially on the revenue cycle. Your accounts receivable (AR) health shows whether or not you are covering up for your expenses and for the services you rendered. Although most medical practices conduct a yearly AR report, we at 24/7MBS believe a monthly report goes a long way in having superior control over the revenue cycle management (RCM). A poor accounts receivable status can lead to serious depletion of revenue. Accounts Receivable Monitoring Metrics There are many metrics that can be used to monitor a practice’s performance and AR status but these are amongst the easiest ones and helpful too. How is your Accounts Receivable Health? http://www.247medicalbillingservices.com

  2. Incorporate these in order to have a firm grip over your AR and you will see a remarkable difference in your RCM: Average Days Delinquent (ADD) / Average Days Days Sales Outstanding / Aging AR Patient AR Rejection Statistics Denials Percentage Payers Analysis Insurance companies have a lot to cater to, why not help yourself by assisting them with the appropriately filed claims? How is your Accounts Receivable Health? http://www.247medicalbillingservices.com

  3. About 247 Medical Billing Services:We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses. Contact: 247 Medical Billing ServicesTel: +1 888-502-0537Email: info@247medicalbillingservices.com How is your Accounts Receivable Health? http://www.247medicalbillingservices.com

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