"YOUR ACCOUNTS RECEIVABLE DOES NOT MANAGE ITSELF!"

Healthcare is the most regulated work associated with the most unregulated business (the insurance industry).

Surveys report out of the 93-98% collectable receivables due your practice:

After just 3 months your probability of collecting drops to 73%.

After 6 months, you have a 50% chance of recovery.

Receivables over 1 year have a 25% or less chance of being recovered.

Managed Care plans average rate of return is only 30-40 cents on each dollar recovered.

Key financial indicators you must know about your medical practice are:

  1. Your A/R days outstanding
  2. Gross and Net collection ratios
  3. Benchmark data:  By physician, payor mix, facility, etc.
  4. Percentage of denials
  5. Top 10 denial reasons