tci Medicare Compliance & Reimbursement - 2012 Issue 5

Billing: 3 Steps Can Correct Your Cash Flow Woes

These simple strategies can improve your bottom line. If your accounts receivables (A/R) seem to be fluctuating from month to month, you could be making mistakes that are jeopardizing your cash flow. Follow these three simple recommendations to stabilize your A/R and cash flow. 1. Start Penalizing Those No-Shows. Every practice has the occasional patient who doesn't show up for an appointment, but if no-shows are becoming commonplace in your practice, you're clearly losing out on reimbursement. In most cases, you should be able to charge patients a fee when they miss an appointment without giving you sufficient notice...

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