Radiology Business May 16, 2023
The Radiology Business Management Association recently released its 2023 Accounts Receivable Survey, which shows practices may be leaving money on the table with their current approach to collections.
Researchers gathered 2022 data for the report earlier this year, incorporating key metrics such as days in accounts receivable, write-off percentages, bad debt recovery, and the cost of collecting bills.
A total of 112 respondents participated in the benchmark survey, revealing a median number of days in accounts receivable at nearly 31. About 16% of such debts were more than 120 days old, while average billing cost per procedure was over $3.
Radiology Business recently spoke (via email) with Kyle Tucker, a member of RBMA’s Data Committee, creator of the “True Cost...
Today's Sponsors
Today's Sponsor