Posts tagged AR strategies
Maximizing Self-Pay Collections At Tax Time

The upcoming tax refund season is an ideal time to implement some strategies to increase collections.  As patients get their tax return refunds they are presented with an opportunity to review their current financial situation.  Historically, almost 50% of Americans pay down debt with their tax return refund.  In many cases medical expenses are not at the top of their list because other debtors charge higher interest rates or offer settlements for payments in full.  Now is a perfect time to give patients a compelling reason to pay their medical bill.  

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Revenue Cycle: Post ICD-10 Risk Mitigation Planning

Are you frequently reviewing your post ICD-10 risk mitigations plan?  Did you even create a post implementation risk mitigation plan for your revenue cycle?  If the answer is no to either of these questions don’t worry it is not too late to do something. The greatest risk areas in the revenue cycle is a delay in cash flow.  You can start a simple risk mitigation plan by asking yourself some simple questions:

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