BC Advantage - 2008 Issue 1

Increase REVENUE AND MANAGE A/R successfully

In today's ever-changing world of coding, compliance and new payor products, we can find ourselves with thousands, if not tens of thousands of uncollected revenue.  Although, lack of follow-up and incorrectly posted payor discounts are the two biggest reasons for lost revenue and high A/R, there are a multitude of contributors. So how do we increase revenue and manage A/R successfully? Staff appropriatelyKnow how many claims a biller can handle per hr/day accurately and staff appropriately for your volumes and follow-up. Understanding your lost revenue in real dollars will help determine if additional staff or transferring staff...

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