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accounts receivable

Key Considerations for Legacy AR Rundown Strategy

2024-04-09T06:59:39-04:00

OverviewSystem conversions necessitate extensive planning, design, resource commitment, and resource alignment. One of the key components of a successful conversion that sometimes gets underestimated or overlooked is the strategy for the legacy system accounts receivable (AR).  One of the first decisions likely to be considered when evaluating your legacy AR is the idea of conversion vs. pursuing an AR rundown strategy. This decision is likely evaluated around the criteria of legacy process and [...]

Key Considerations for Legacy AR Rundown Strategy2024-04-09T06:59:39-04:00

Accounts Receivable Outsourcing – 3 Keys to Making a Decision

2020-08-19T09:01:14-04:00

Three Keys to Outsourcing Success In our last newsletter, we introduced the blog series: Why AR Outsourcing Fails and How to Avoid Common Pitfalls. We introduced two primary dangers with outsourcing arrangements: Hospitals that outsource frequently relinquish full control to the vendor and end up in an “out of sight out of mind” situation Vendors many times interpret “silence” from the hospital as positive reinforcement for the program they have implemented There [...]

Accounts Receivable Outsourcing – 3 Keys to Making a Decision2020-08-19T09:01:14-04:00

Why Accounts Receivable Outsourcing Fails & How to Avoid Common Pitfalls

2020-08-19T08:55:51-04:00

Your internal self-pay team can’t handle the increasing volume of calls.  You’re aged insurance accounts receivable (AR) continues to increase.  Or maybe your internal resources just don’t have the necessary expertise (or time) to work a specialty population like out-of-state Medicaid or third-party liability. Any of these scenarios can cause you to start down the path of outsourcing a revenue cycle function or segment of your AR.  This is a process that [...]

Why Accounts Receivable Outsourcing Fails & How to Avoid Common Pitfalls2020-08-19T08:55:51-04:00

Getting in Front of the Self-Pay Trend in 2018

2020-08-19T08:55:56-04:00

There’s no denying that self-pay (SP) is on the rise. It’s a clearly established trend. If you are looking to improve your facility’s financial performance, then the SP category must be a significant part of your revenue cycle focus. Here is a quick snapshot of the trends, some levers you can pull to drive improved performance, and some questions you should ask to determine the size of your SP collections improvement opportunity. [...]

Getting in Front of the Self-Pay Trend in 20182020-08-19T08:55:56-04:00
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