tci Medicare Compliance & Reimbursement - 2020 Issue Q2

Revenue Booster: Bolster Your Bottom Line With 3 A/R Steps

Use benchmarking to fix your issues. With the pandemic wreaking havoc on both the healthcare industry and the economy, your practice may be working double time to collect every dollar. One way to boost your income is to refine your accounts receivable (A/R) process to bring in the money without a lot of extra effort. Definition: Accounts receivable (A/R) is the money that is owed to the practice, said Scott Hudson, partner development manager with ECL, during the firm’s March 26 webinar, “Improving Your Practice’s Revenue Cycle Management.” If you get too far...

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