{"id":1290,"date":"2012-06-07T14:27:46","date_gmt":"2012-06-07T14:27:46","guid":{"rendered":"http:\/\/www.medicalbillersandcodersblog.com\/?p=1290"},"modified":"2025-05-21T08:09:22","modified_gmt":"2025-05-21T08:09:22","slug":"how-do-modifiers-increase-your-ar-by-more-than-60-days","status":"publish","type":"post","link":"https:\/\/www.medicalbillersandcoders.com\/blog\/how-do-modifiers-increase-your-ar-by-more-than-60-days\/","title":{"rendered":"How do modifiers increase your AR by more than 60 days?"},"content":{"rendered":"<p align=\"justify\">The number of days a physician\u2019s takes to collect their receivables is a good indicator of how well the physician\u2019s clinic is collecting its accounts receivables.<\/p>\n<p align=\"justify\">Industry standards state that organizations which were considered as &#8220;better-performing medical practices&#8221; &#8211; excelled in four performance management categories, one of which were Accounts Receivable and Collections. Depicting that strong cash flow is crucial to the success of any practice; in the AR category high-performing\u00a0groups reported collecting their receivables in lesser number of days than their peers:<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"5\" align=\"center\">\n<tbody>\n<tr>\n<td width=\"400px\"><strong><em>High-performing mental health groups\u2019<\/em><\/strong><em>\u20137 &#8211; 10% of their Total A\/R collected in 120+ days<\/em><strong><em><br \/>\nOther mental health groups<\/em><\/strong><em>&#8211; about 19 &#8211; 35% of their Total A\/R collected in 120+ days<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><span style=\"text-decoration: underline;\">Modifiers key to reducing your AR days!<\/span><\/strong><\/p>\n<p>Getting the revenue your practice truly deserves requires using appropriate modifiers-<\/p>\n<p><span style=\"text-decoration: underline;\">Usage of proper modifiers leads to:<\/span><\/p>\n<ul>\n<li>Improved Collections &amp; Reduced Time in AR<\/li>\n<li>Enhances\u00a0 staff and practice productivity<\/li>\n<li>Decreases cost of revenue management<\/li>\n<li>Add accuracy and detail to the record of the encounter<\/li>\n<\/ul>\n<p><strong>Browse All: <a title=\"AR Management\" href=\"http:\/\/www.medicalbillersandcoders.com\/account_receivable_management.aspx\" target=\"_blank\" rel=\"noopener\">AR Management<\/a><\/strong><\/p>\n<p>On the other hand<span style=\"text-decoration: underline;\"> incorrect modifiers lead to:<\/span><\/p>\n<ul>\n<li>Denials, payer audits, investigations, refunds and fines<\/li>\n<li>Loss of revenue to the healthcare organization<\/li>\n<li>Delay in Account Receivable (AR) Collection days, pushing them up by 47- 60+ days<\/li>\n<\/ul>\n<p><strong><span style=\"text-decoration: underline;\">Getting your practice the right revenue\u2026<\/span><\/strong><\/p>\n<p align=\"justify\">A <a href=\"https:\/\/www.medicalbillersandcoders.com\/medical-billing-services.aspx\">medical billing service<\/a> whose main concern is the billing and coding transactions of a practice will assist and benefit your practice to achieve the revenue it deserves.<\/p>\n<p align=\"center\"><span style=\"text-decoration: underline;\">Track your modifier with MBC <\/span>\u2026<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"2\" align=\"center\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"211\"><strong><span style=\"text-decoration: underline;\">Steps applied by MBC<\/span><\/strong><\/td>\n<td valign=\"top\" width=\"427\"><strong><span style=\"text-decoration: underline;\">Pertaining to modifiers application in the RCM process<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"211\"><em>\u00a0List common procedures <\/em><\/td>\n<td valign=\"top\" width=\"427\"><em>Medicare &amp; other major private insurance payer do not reimburse.<\/em><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"211\"><em>Quick reference &amp; analysis<\/em><\/td>\n<td valign=\"top\" width=\"427\"><em>Collate payers\u2019 write-off codes into the management system<\/em><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"211\"><em>Monthly reports <\/em><\/td>\n<td valign=\"top\" width=\"427\"><em>Denied\/reduced claims due to a missing \/incorrect modifier.<\/em><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"211\"><em>Modifiers information<\/em><\/td>\n<td valign=\"top\" width=\"427\"><em>Included in payer contract with clear definitions in contracts.<\/em><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"211\"><em>Track changes <\/em><\/td>\n<td valign=\"top\" width=\"427\"><em>How payers handle and reimburse modifiers.<\/em><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"211\"><em>Contract management software<\/em><\/td>\n<td valign=\"top\" width=\"427\"><em>Keeps a tab on payments &amp; compares to contract- allowable.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">MBC\u2019s expert Research &amp; Billing team will keep track of the appropriate modifiers to be applied providing updates about new rules, changes for each specialty. <a href=\"http:\/\/www.medicalbillersandcoders.com\">Medicalbillersandcoders.com<\/a> has been assisting in revenue maximization for healthcare organizations by billing and coding for:<\/p>\n<ul>\n<li>Over a decade now for physicians across the 50 US States and across varied specialties<\/li>\n<li>Our team is constantly training and updating themselves about industry requisites<\/li>\n<li>MBC also provides consultancy right from the best EHR\u2013 to data analytics<\/li>\n<\/ul>\n<p align=\"justify\">Additionally MBC\u2019s <strong><span style=\"text-decoration: underline;\">customized reporting<\/span><\/strong> along with a <strong><span style=\"text-decoration: underline;\">dedicated account manager<\/span><\/strong> assures regular, accurate and detailed modifier checks. MBC is constantly striving to update and improve the <a href=\"https:\/\/www.medicalbillersandcoders.com\/revenue-management-services.aspx\">RCM cycle<\/a> in turn reducing AR to achieve the <strong>right revenue<\/strong> for your organization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of days a physician\u2019s takes to collect their receivables is a good indicator of how well the physician\u2019s clinic is collecting its accounts receivables. Industry standards state that organizations which were considered as &#8220;better-performing medical practices&#8221; &#8211; excelled in four performance management categories, one of which were Accounts Receivable and Collections. Depicting that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[303,274],"class_list":["post-1290","post","type-post","status-publish","format-standard","hentry","category-accounts-receivables","tag-accounts-receivables-management","tag-ar-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How do modifiers increase your AR by more than 60 days? - Medical Billing and RCM Blogs<\/title>\n<meta name=\"description\" content=\"Learn about How do modifiers increase your AR by more than 60 days? in our latest blog post. 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