Systematically Reduce Your Accounts Receivable

1. Systematically Reduce Your Accounts Receivable Medical Billers and Coders

2. Accounts receivable management plays a key role in having stable financial health for your practice. Accounts receivable is nothing but the amount owe to you by insurance companies and patients. As the number of days increases to collect this amount, the chances of collecting this amount also decrease. Accounts receivable are classified in a number of days i.e., 0-30 days, 31-60 days, 61-90, 91-120, 121, and above. You will be surprised to know that only 20% of the amount got collected if your AR is over 90 days bucket. Your team’s inefficiency to collect outstanding amounts could lead to not collecting at all. In this blog, we shared some of the common reasons why accounts receivable increases over time and also discussed how you can reduce them.

3. Common Accounts Receivable Issues • Not Appealing Denied Claim • Not Verifying Patient Benefits • Collection Culture • Reducing Accounts Receivable

4. Address Wilmington 108 West, 13th street, Wilmington, DE 19801 Texas 539 W. Commerce St #1482 Dallas, TX 75208 ------------------------------------------------------------------------------------------------------------- Email : info@medicalbillersandcoders.com Fax no: 888-316-4566 Toll Free no: 888-357-3226