Automating accounts receivable management can help medical practices reduce costs and efficiently keep track of AR data, according to Steve Watson, regional director of quality assurance at AnesthesiaBillingBridge.
Mr. Watson shared the following tip with Becker's Hospital Review.
"To reduce the downward pressure faced by medical practices it is important to automate the complex and time-consuming AR management process. It reduces the costs involved in receivable processing and provides a wealth of AR data that serves as a continual feedback loop.
"Automating the AR process leads to a repetitive process that can be easily monitored as opposed to fragmented bits of AR information that are scattered across the organization. It also leads to quicker AR cycles."
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.