BC Advantage - 2012 Issue 9

Ophthalmology Practice Dramatically Cuts A/R Days through Improved Revenue Cycle Management

A few years ago, our practice, Excel Eye Center in Provo, Utah, stood at a crossroads. We wanted a higher level of efficiency from our revenue cycle, and contemplated whether we could gain greater control over our financial future with more productive revenue cycle management (RCM) tools. Our practice was experiencing rapid growth-and revenue cycle slowdowns as a result. We averaged 48 days in accounts receivable (A/R), with A/R greater than 90 days running at 20 percent and a net collections average of 88 percent.At the time, there were seven ophthalmologists and three optometrists, operating in four locations...

To read the full article, sign in and subscribe to BC Advantage.

Access to this feature is available in the following products:
  • BC Advantage, 30+ CEUs & Webinars

demo
request yours today
subscribe
start today
newsletter
free subscription

Thank you for choosing Find-A-Code, please Sign In to remove ads.