6 Key Startegies for Medical A/R Management
Providers today are working hard to defend against reimbursement cuts and to lower their operating costs — all while still providing top-quality care to patients. Despite their best efforts, many practices continuously contend with denials, underpayments, and lost or ignored claims.
Better billing and collections not only saves practices money and adds to their revenue, it also allows practices to focus more time on what they do best – caring for patients. In this guide, we will walk you through six key strategies you can take to collect more of your money from payers, including:
- Electronic transactions
- Automated billing rules
- Tracking daily aging of receivables
- How to track & work denied or ignored claims
- Identifying payer underpayments
- What to look for in reporting tools