tci Medicare Compliance & Reimbursement - 2008 Issue 7

BILLING: 5 Steps Reveal Your Cash Flow Secrets

Chart A/R and other variables to avoid leaving money in Medicare's handsIf your billing office has never charted a year's worth of financial data, you don't know which factors affect your cash-flow trends. To examine your billing office's activity in-depth, you should chart your accounts-receivable data, says Linda Chapman of Carolina Medical Associates. Follow these five expert recommendations to master your A/R and cash flow: 1. Chart four key billing variables monthly: Payments, charges, closing A/R and adjustments. You can obtain these four variables easily from your monthly reports, and they're useful because they serve as basic cash-flow indicators...

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