Patient Financial Services: How to Maximize Cash Collections

Nov 19, 2012

80 likes | 267 Views

Patient financial services represent the financial center of a healthcare organization. These functions include AR follow up, denials management, collections, revenue cycle consulting, extended business office, credit balance collections and charge capture. All of these activities impact financial health. Learn more about Patient Financial Services by visiting http://www.pyramidhs.com/.

Share Presentation

Embed Code

Link

pyramidarticle

Download Presentation

Patient Financial Services: How to Maximize Cash Collections

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

Introduction to Corporate Finance

Introduction to Corporate Finance. Financial Management Goal?. Maximize profit Risk Timing Measuring Maximize the depth of the carpet in Finance V.P.’s office Maximize donations to worthy causes. Income Statement. Financial Management Goal?. Maximize the value of the firm or

532 views • 39 slides

Cash and Financial Investments

Chapter 10. Cash and Financial Investments. Cash sales Involvement of two or more employees Cash Registers Electronic point of sales systems Collections of receivables Initial listing of cash receipts Custody and depositing of cash receipts Maintenance of customer account records

497 views • 14 slides

FINANCIAL ASSETS

Chapter 7. FINANCIAL ASSETS. How Much Cash Should a Business Have?. Every business needs enough cash to pay its bills!. $. How Much Cash Should a Business Have?. Financial Assets. Receivables. Cash. Short-term Investments. Collections from customers. Cash (and cash equivalents).

1.55k views • 63 slides

The Woo Group RBC Wealth Management: How Cash Fits Financial

How Cash Fits Into Your Overall Financial Picture To prepare for your financial future, you are likely putting considerable focus on growing your investments. But you should also consider the important role that cash plays in your current and future financial life.

203 views • 4 slides

Financial Services and Institutions

Financial Services and Institutions. Name____________________. How to Manage Your Cash What are your cash needs?. Banking began in 1791 – 1 central bank with 8 branches Today – 11,000 _________ 2,000 _____________________ 12,000 ____________________ Types of Financial Services

349 views • 25 slides

Bridging the Gap Between Patient Access and Patient Financial Services

Bridging the Gap Between Patient Access and Patient Financial Services. Lynn Otani , IHHI Julie Kay, MedAssets. Overview . Objectives PFS vs. Patient Access The Integrated Healthcare Holdings, Inc.(IHHI) Story Real “ work-lives” of IHHI Bridging the Gap Completing the Revenue Cycle

650 views • 29 slides

Topic 3 Effective Financial Management

Topic 3 Effective Financial Management. Improving cash flow. Pages 66-69. Aims for today. To understand the main aspects of financial management as a means of managing cash flow more effectively. To analyse ways of increasing cash inflows and reducing cash outflows . Cash and cash flow.

434 views • 24 slides

Keys to Success Maximize the value of your business while improving efficiency, profitability and cash flow

Presented by: The Business & Investment Network. Keys to Success Maximize the value of your business while improving efficiency, profitability and cash flow. Seven Essential Building Blocks for Accomplishing this Task. Implement a well designed internal financial reporting tool

236 views • 9 slides

How to Maximize Practice Profitability Through Patient Collections

How to Maximize Practice Profitability Through Patient Collections. Kevin Goertz, VP of Operations at Global Healthcare Alliance. Learning Objectives. How to train your staff for upfront patient collections The importance of collecting co-pays, coinsurance and deductibles

280 views • 14 slides

“ Financial Possibilities of a Client – Electronic Payments and Financial Services ”

“ Financial Possibilities of a Client – Electronic Payments and Financial Services ”. 20.10.2010 Assist. Prof. Kemal Kozarić , Ph.D. Cash Management in the CBBH. The process of management of KM cash is one of the most risky operations of the central bank

266 views • 13 slides

BILLING, REIMBURSEMENT, AND COLLECTIONS

BILLING, REIMBURSEMENT, AND COLLECTIONS. Chapter 9. Billing, Reimbursement, and Collections. Learning Objectives Compute charges for medical services and create patient statements based on the patient encounter form and the physician's fee schedule.

621 views • 36 slides

FIRST CASH FINANCIAL SERVICES, INC.

FIRST CASH FINANCIAL SERVICES, INC. Investor Presentation May 2014. SAFE HARBOR STATEMENT.

655 views • 46 slides

Chapter 5: Managing Your Cash

Chapter 5: Managing Your Cash. Explain the importance of effective cash management and list the four tools of cash management. Compare and contrast the primary providers of cash management opportunities in today’s financial services industry.

495 views • 30 slides

Front End to Back end Collections

Front End to Back end Collections. Robin Beeman Regional Marketing Manager. Boosting Patient Satisfaction through Financial Counselors. Influencing patient perception First point of contact with patient. Strategies and Best Practices Training Educate employees

233 views • 9 slides

Chapter 14: Statement of Cash Flows

Required for financial statements by SFAS 95 (1987). Primary purpose is to provide relevant information about cash receipts and cash disbursements of the company during the period. Serves to complement the other financial statements. Focus is on cash flows, not income.

489 views • 25 slides

CHAPTER 8

INTERNAL CONTROL AND CASH. CHAPTER 8. Cash Controls. Cash consists of coins, currency, checks, money orders, and money on hand or on deposit in a bank. Cash receipts come from: cash sales collections on account from customers receipt of interest, rent, and dividends

223 views • 10 slides

A Convenient Financial Option To Fix All Sudden Cash Needs With 1 Year Cash Loans

If you are need some extra cash to set up unwanted monetary problems then 1 year cash loans are the best option as per your all requirements. With this reliable financial option borrower can access the cash easily without any hassle. Submit online application form and get the benefits or our reliable services.

236 views • 5 slides

Healthcare Revenue Cycle Solution

99% Of Business Office Managers Agree Determining And Collecting Patient Liability Affects A Hospital's Financial Soundness And Positively Impacts Patient Satisfaction SEE POS COLLECTIONS SOLUTION

210 views • 5 slides

Online Loans with Bad Credit- A Bright Fast Cash Opportunity for Urgent Cash Need

Online loans with bad credit are additional cash supports which are given to a person before his next payday. These financial services are arranging quick and beneficial financial solution in a way that a person gets a quick chance to resolve his mid month cash related crisis. www.loanswithbadcreditcanada.ca

455 views • 4 slides

Payment Collections process

DermaTechPlus’s patient payment collections greatly reduces your level of effort and increase your cash recovery. Make patient care your priority and collection ours.

170 views • 5 slides

FIN 501 Applying Various Capital Budgeting Methodologies/TUTORIALOUTLET DOT COM

Applying Various Capital Budgeting Methodologies The objective of a firm is to maximize shareholder wealth. The Net Present Value (NPV) method is one of the useful methods that help financial managers to maximize shareholders’ wealth. Suppose the company that you selected for the Module 1 SLP is considering a new project that will have an initial cash outflow of $125,000,000. The project is expected to have the following cash inflows: Year Cash Flow ($) 1 2,000,000 2 3,500,000 3 13,500,000

50 views • 3 slides

Advantages-of-Wealth-Management-for-Financial-Plan

Wealth management is an important practice for every business and individual. Managing financial investment, income, tax and other sources of cash helps you monitor the money that you have. Some businesses are investing on wealth management services to help them oversee their financial activities and set an effective plan on how to manage cash flow. It is necessary to protect your wealth and know the current status of your finances. When you are aware of how your money is performing, itâ€™s easier to make decisions involving cash

31 views • 2 slides

More Related