The collection of low balance accounts receivable is crucial for hospitals and health systems as they face increased financial pressures.
Jeff Means, a principal at Colburn Hill Group, an RCM operational solutions firm: One challenge to recovery of AR is that while many accounts which are uncollected may be older than the contractual timely filing and appeals limits, they may still be recoverable. Diligent analysis of these low balance claims will divide those accounts into two buckets: uncollectable, or "deadwood," and collectable opportunities.
To learn more about collecting on accounts, access this story from Becker's Hospital Review.
If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.
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