tci Part B Insider - 2003 Issue 26
Accounting: How to Cope With High A/R Without Going Nuts
6 tips for cleaning up accounts receivable disastersIt's like cleaning out the fridge. Sorting out aged accounts receivable may not be pleasant, but everyone will breathe easier afterward. The first step in a cleanup is to look at your receivables by payer, experts say. Your managed-care receivables may be growing fur, but you shouldn't let them make your Medicare receivables look worse than they are. Separating out the receivables by payer type can make the picture much clearer, says consultant Lee Cavanaugh with Cavanaugh Michaels in Mechanicsburg, Pa. You'll often find that 80 percent of your...
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