BC Advantage - 2009 Issue 7

Are Unbilled Accounts Jeopardizing your Cash Collections?

Maintaining an optimum cash flow is an ongoing challenge, and if your hospital is not effectively managing the Discharged Not Final Billed (DNFB), you probably have too much revenue being held until a final bill can be produced. Simply stated, until the hospital information system can produce a final bill, that bill cannot be submitted to a payer, and hence, will not be paid by that payer. Although awareness of the importance of the DNFB has become more widespread, many hospitals still have considerable opportunity to improve their management of the DNFB, thereby reducing days in accounts receivable and...

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