tci Medicare Compliance & Reimbursement - 2023 Issue Q1

Clip And Save: Get a Grip on Calculating ‘Days in A/R’ With These FAQs

Tip: Explain the A/R timeline to providers, too. Even if you’ve stayed on top of the annual coding changes, educated providers on new coverage decisions for the various payers, and updated your billing systems periodically, you still may not be collecting all the money you deserve. Without a way to keep your accounts receivable (A/R) process on track, you could be bleeding cash. Furthermore, collections can be hard enough to manage without mastering all the jargon as well. But when people talk about “days in A/R,” they’re referring to a tool that your practice should...

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