AR management tips and tricks by professionals that no one tells you
Healthcare providers lose 5-15% of annual revenue because of improper AR (accounts receivable) management. A report published by the Medical Group Management Association (MGMA) found that the average AR days for over 13% of healthcare providers is 120 days. Most healthcare providers need help managing their AR and collecting their payments on time. In this article, our experts with 15+ years of experience have explained tips, tricks, and the importance of AR management. Blog index: Definition of AR management in healthcare RCM Importance of AR management Stages of AR management Efficient AR management tips Definition of AR management in healthcare RCM Tracking and collecting payments from patients and payers for the healthcare services offered is called AR management. It is advised that the average AR for a healthcare organization should be <25 days. Here are the steps involved in AR management: The first and most important ...