Becker's Healthcare December 19, 2023
Whether or not your fiscal cycle starts in January, the onset of the new year is a good time to take stock of the past year’s performance and set new goals for 2024. One goal that should be on every healthcare provider, hospital, and healthcare system’s list is to examine and clean up your outstanding accounts receivable (AR). Many factors, such as payer agreements, the Medicare physician fee schedule, and your market dynamics limit what you can charge. These limitations make it imperative that you don’t leave money on the table due to addressable weaknesses in your revenue cycle management (RCM) process.
Here are three steps you can take now to shore up AR and position your organization for stronger...
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