How to increase upfront collections, reduce patient accounts receivable, and improve your cash flow.
نویسندگان
چکیده
The financial health of a medical practice is heavily dependent upon the billing process. The billing process actually starts when the patient calls to make an appointment. If incorrect information is given during the appointment phone call, your chances of getting paid can be doomed from the start. There are several strategies you can put into place to increase the chances of being paid and improving your cash flow.
منابع مشابه
Cash Flow and Accounts Receivable Management for Dialysis
The importance of an efficient billing/collections process lies in the fact that the overdue payment represents a source of capital that can be tapped and even used by a dialysis facility to generate further income. While it is outstanding, however, the payment represents nothing more than a unit’s own money being used by others. Here, the impact that an efficient billing/collections system can...
متن کاملOn supply chain cash flow risks
This study models the supply chain related cash flow risks for a business entity measured by the standard deviations of cash inflows, outflows, and netflows of each period in a planning horizon. The goal is to provide an insightful look on how common practices that intend to improve the Cash Conversion Cycle (CCC), e.g., offering early payment discounts, may contribute to cash flow risks. We sh...
متن کاملISO 9000 and supply chain efficiency: Empirical evidence on inventory and account receivable days
ISO 9000 is the most popular and widely adopted meta-standard for quality and operational improvements in manufacturing supply chains. However, few studies have quantitatively examined its impact on supply chain efficiency. In this paper we measure the material and cash flow efficiency of ISO 9000 certified firms in terms of inventory days and account receivable days. We analyzed changes in the...
متن کاملAccounts Receivable, Trade Debt and Reorganization
The optimal outcome of a firm in bankruptcy is to liquidate if its asset value is greater than its value as a going concern or, alternatively, to reorganize if it is worth more as a going concern. In this study, we identify firm asset and liability characteristics which may determine the likelihood of a firm successfully emerging from bankruptcy. We find two key factors influencing the success ...
متن کاملOn Alternative Measures of Accruals
This paper investigates the difference between two widely used measures of accruals and their differential impact on accrual strategy returns. The two measures are accruals computed using consecutive changes in the balance sheet items and accruals computed as earnings minus cash flows from operating activities, both from the cash flow statement. Our investigations reveal that the difference bet...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- The Journal of medical practice management : MPM
دوره 26 6 شماره
صفحات -
تاریخ انتشار 2011