7 best practices for physician accounts receivable management table of contents 7 best practices for physician accounts receivable management 1 overview lets face it the healthcare reimbursement system is brutal but each payer a medical practice deals with operates on its own schedule so two receivables that are 30 days old . Accounts receivable ar management involves nearly all areas of the medical office successful accounts receivable management requires a full understanding of how each area or department relates to and influences the revenue cycle and the ar collection period. Medical billing reports are a key barometer for understanding whats going on in your medical practice lets look at the accounts receivable aging report how to read your medical practices accounts receivable aging report and why its important to you practice management systems can re bill all or some of the old claims in bulk . Medical practice statistical surveys such as the one produced by the medical group management association could be used for comparison one way to manage accounts receivable is to calculate the accounts receivable ratio divide accounts receivable by average monthly gross production over the past 12 month period. The first metric is days in accounts receivable a r days in a r refers to the average number of days it takes a practice to collect payments due the lower the number the faster the practice
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