I remembered this article from months ago and thought it may have relevance in today's tougher economy. The 13 tips provided by PRMG are a checklist for all of us interested in the establishing processes to improve billing and collections. The synopsis of the tips are presented for your review. You can view the article at http://www.medicalpmrg.com/articles/tips.html.
nAudit Charge-Capture
nCash and Financial Controls
►Front desk collections
►Insurance payment posting
nManage patient demographics
nEditing software
►Code-linking
►Correct code initiative
►Carrier payment policies
nDaily billing
nElectronic claims
nClearinghouse for all claims
nMonitor payment levels
nFollow-up quickly on slow-payors
nAggressively manage you relationships with payors
nSystematically manage you Medicare supplements
nAvoid billing-collect all co-payments at time-of-service
nUse you practice management computer system to manage receivables.
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