ar management Archives

Overcoming Wound Care AR Challenges: A Q4 Survival Guide

The fourth quarter is often a critical time for medical practices, including those specializing in wound care. Managing accounts receivable (AR) becomes increasingly challenging as the year ends. This guide will help you deal with the complexities of wound care AR challenges, providing essential billing and coding knowledge, and strategies to enhance your practice’s financial […]

Overcoming Challenges in Optometry Billing with Old AR

Optometry Billing with Old AR: A Threat to Your Practice Are old accounts receivable (AR) silently undermining the financial health of your optometry practice? Efficient revenue cycle management is essential for the success of your optometry practice, and AR plays a pivotal role in this process. Old AR in optometry billing refers to unpaid claims […]

Improving Bottom Line of Your RCM

Revenue Cycle Management (RCM) is defined as the process of handling claims, processing payment, and generating revenue for your practice. It includes all functions associated with different steps of medical billing, beginning from the time when a patient makes an appointment and ending after all the claims and payments have been collected and the balance […]

How Can Outsourcing Help Better Position Your Practice for Pay-for-Performance?

Pay-for-performance programs are a great way of rewarding health care providers but do you have the time and resources to make your medical practice eligible for such rewards? There is no doubt that these programs provide encouragement to doctors and better services to patients but several challenges are also related to pay-for-performance- In order to […]

Increasing Revenue through HIPAA Compliant Practices

HIPAA (Health Insurance Portability and Accountability Act), which was first enacted in 1996 to improve the efficiency of healthcare delivery, has come to be recognized as the standard for electronic data interchange (EDI), security, and confidentiality of all healthcare-related data. The Act mandates: standardized formats for all patient health, administrative, and financial data; unique identifiers […]

How do modifiers increase your AR by more than 60 days?

The number of days a physician’s takes to collect their receivables is a good indicator of how well the physician’s clinic is collecting its accounts receivables. Industry standards state that organizations which were considered as “better-performing medical practices” – excelled in four performance management categories, one of which were Accounts Receivable and Collections. Depicting that […]

How aging reports aid in realizing Account Receivables

Notwithstanding the importance of flawless coding in maximizing healthcare insurance reimbursements from insurance carriers, it is the Account Receivable Management (A/R Management) that proves decisive in either making or breaking your chances of mitigating denial or delay of your medical bill claims. Most of the physicians, whose primary focus happens to be quality medical care […]

Hospital Billing and the Ghost of Imminent Medicare-cut Impact

Hospital billing serves the role of invoicing for the medical services delivered by hospitals or healthcare organizations, both for in-patient and out-patient care. Hospitals, which hitherto could evade the backlash of the Sustainable Growth Rate (SGR) fix, face an imminent 27.4% reduction to their Medicare fees starting this January unless the Federal Government decides otherwise. […]

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