Accounts receivable is one of the major factors in the revenue cycle management. With almost all major economies of the world coming to a standstill due to stringent lockdown and social-distancing measures, most organizations are reeling for cash. The tremors of disruption have been felt across supply chains. Hospital administrators are doing their best to…
Setting up an efficient AR (accounts receivables) management strategy is an important part of any successful business. Even though there is no such company which intends to adopt weak accounts receivable policies but lack of planning or a failure to focus on any function can result in unintended consequences. Maintaining a healthy cash flow is…
For healthcare organizations with an inefficient A/R infrastructure, billing is usually delayed or are often inaccurate. This can lead to a reduced bottom line alongside worsening your patients relationship with your hospital when inefficiencies occur. Without the acceptable A/R structure, administrative issues and redundancies may exist which will have a significant impact on the efficiency…
Besides doctors, the skilled medical office staff is the backbone of every medical organization. However, the staff engaged in coding and billing stays at the back end of the whole process and a slight mistake in their work impacts the bottom line as well as the revenue generation of the organization. In most organizations, the…
Accounts receivable is one of the major factors in the revenue cycle management of all kinds of organizations. However, the medical billing industry is one of them. Most of the insurance companies pay large amounts of bills without which any hospital’s or medical organization’s expense cannot be recovered. This results in the improper medical care…
Currently, most organizations strive to sell their goods or services with immediate payment and, as practice shows, sometimes they have to work through loans, that is, deferred payment. This leads to the inevitable occurrence of receivables, which today exists in the settlement system. Therefore, it is on the part of the organization that the initial…
In every business or organization, it is always big stress if the payments are not received on time or are inaccurate. But when there are proficient ways and systems to guide you, there will be no time, money or energy wasted from your side. The best solution is to outsource your accounts receivables that are…
