AR management

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 [...]

Do You Really Know Your AR?

2020-08-19T08:55:24-04:00

Cliff Notes Much of what we consider our accounts receivable will never be collectedInaccurate variance logic will continually over/under represent ARHospitals need to evaluate the likelihood of a positive outcome and ensure staff work corresponding populationsVendors should be utilized solely on a performance basis to collect on aged AR What is my AR, really? In-house unbilled, discharged not final billed (DNFB), follow-up, variance, denials, self-pay, bad debt. These are all populations that [...]