BC Advantage - 2024 Issue 5

How to Improve Your Accounts Receivable (AR) in Healthcare

Managing accounts receivable (AR) is crucial for healthcare providers to ensure steady cash flow and financial stability. However, navigating the complexities of AR can be challenging, especially with insurance claim denials, delayed reimbursements, and other roadblocks. This article discusses practical strategies and best practices to improve your accounts receivable in the healthcare industry, helping you optimize revenue cycles and enhance overall financial performance.    What is the Importance of Efficient Patient Registration and Insurance Verification?    Smooth patient registration and accurate insurance verification are vital in reducing AR bottlenecks. Ensure your staff is well-trained to collect complete...

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