Patient "Out-of-Pocket" Healthcare Costs are Rising: Medical Practices Feel...
Since it takes more effort for medical offices to collect the initial reimbursements from insurance companies and since insurance companies are paying less than before, balances of unpaid bills (or...
View ArticleThe Affordable Care Act Effect: How the Affordable Care Act Affects Medical...
The practice of medicine is highly revered in the U.S., and yet no other industry or career path has as much regulation or such widespread and public potential of litigation for malpractice. The days...
View ArticleWhen Should You Use 3rd Party Medical Insurance Claims Resolution In Your...
Though there are state and federal regulations for insurance payers regarding time limits on reimbursements of non-disputed claims, the payers are still often accused, officially and unofficially, of...
View ArticleVeterinarians and Accounts Receivable Management
Like most small businesses, veterinarians have to be competitive and offer a suite of services directly and indirectly related to pet health and safety. And like medical offices, vets offer a variety...
View ArticleDental Practices' Accounts Receivable: Managing Patient Balances and...
Accounts Receivables Management, in a dental office, is perhaps more complex than any other small business, including medical offices. There are many third-party insurance company "hoops" to jump...
View ArticleQuickbooks Review
QuickBooks, once considered good accounting software for small business, has successfully made the transition to a highly effective solution for midsize corporations and meets all customer account...
View ArticleIn Business, Cash Flow Is Everything
Think of all the cliches you have heard about the importance of cash. "Money talks; all else walks." "Cash is king." "In God we trust. All others pay cash." There are likely a few others that apply....
View ArticleThe Challenges Facing Healthcare Practices Today: Maximizing Cash Flow is...
A review of the financial status of any industry will reveal costs associated with government regulation, but few industries are facing challenges as much as the healthcare industry. The need for...
View ArticleThe Most Overlooked Aspect of Your Company and Why It May Be Stealing Your...
Most business owners understand sales but few understand the intricacies of implementing an effective accounts receivable management strategy. In fact, it is one of the most overlooked aspects in...
View ArticleAvoid The Collections Process And Keep Your Customers Buying From You
Effective AR management is more than sending statements and transferring customers to collections for non-payment. Two integrated collections processes that must be considered include 1) Basic...
View ArticleHow To Increase Profit In Your Business
Accounts receivable? Isn't that the part of the business no one wants to think about, or talk to the customer about? Sadly, that can be true. And too often managers delegate that part of the business...
View ArticleWhat Are Collections And How Do They Work For My Business?
To people in business, the term "collections" has various meanings. The real meaning of collections, however, takes in the entire process from invoicing to obtaining payment for value rendered to...
View ArticleOutsourcing Receivables: Is It Time for Businesses to Follow Healthcare's Lead?
A lesser known difference between medical practices and small businesses in general is the disproportionate use of outsourcing in the medical industry compared to business in general. What is so...
View ArticleRevenue Cycle Management for Medical Providers - It's Not Just Billing and...
The demand for effective accounts receivables management for medical practices has spawned a large market for services called Revenue Cycle Management . Revenue Cycle Management properly addresses the...
View ArticlePatient "Out-of-Pocket" Healthcare Costs are Rising: Medical Practices Feel...
Since it takes more effort for medical offices to collect the initial reimbursements from insurance companies and since insurance companies are paying less than before, balances of unpaid bills (or...
View ArticlePayroll and Low Cash Flow - What to Do When Business Income Is Less Than...
At a recent business luncheon, the featured speaker was the President of a small services company. He shared a story of taking his company from a monthly net loss position to profitability in less than...
View ArticleWhat to Do When Customers Are Late When Making Payments
An effective receivables management program, then, is the key to handling late payments. However, most companies do not have the staff, especially the trained staff, to manage receivables this...
View ArticleWould Your Practice Benefit If Medical Insurance Claims Were Paid 3-4 Weeks...
Is that kind of performance even possible? Basic knowledge of cash flow and accounts receivable tells us getting paid earlier would increase cash flow. Regarding the "how" question, quantifying the...
View ArticleAn Effective AR Strategy Has Cash Flow Impact and Can Stimulate Your Business
More companies are beginning to see that professional accounts receivables management is not just about the cash flow impact and decreasing costs, although those are the expected results. It can also...
View ArticleThe Most Overlooked Aspect of Your Company and Why It May Be Stealing Your...
Most business owners understand sales but few understand the intricacies of implementing an effective accounts receivable management strategy. In fact, it is one of the most overlooked aspects in...
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