by Joel Baldwin | May 26, 2021 | Revenue Cycle Management
If you’ve talked with a consultant about accounts receivable or collection rates, chances are you’ve heard that a total collection rate of 98% is a great goal and that your standard for over-the-counter collections should be between 35% and 45% (higher for specialty...
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by Betty Leh | Aug 26, 2020 | Business & Team Management
Your monthly Outstanding Claims Report includes a Service Date and a Created On date. Have you ever found yourself asking, “What’s the difference between the Service Date and the Created On date?“ Or, “Why do I need to know two dates?” The Service Date is the...
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by Joel Baldwin | Oct 23, 2019 | Revenue Cycle Management, Schedule Optimization
October 23, 2019 When it comes to collecting payment, there are many ways to run your business. Maybe your goal is to get 100% up front before you perform a procedure. Maybe you never collect on the same day, always waiting for the insurance payment to come back...
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