7 Best Practices for Medical Accounts Receivable Management

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White Paper from CareCloud

Most medical practices aren't currently collecting everything they've earned. Did you know:

o Only 70% of claims are paid the first time they're submitted, according to research by the Centers for Medicare and Medicaid Services (CMS).

o The other 30% of claims are either denied (20%) or lost or ignored (10%). And of those claims, 60% of them are never resubmitted to payers. That means medical practices never collect on a full 18% of claims.

In order to increase your collections and reduce denials you must make sure you choose a practice management system with robust capabilities to manage your accounts receivables.

Don't become a statistic. This white paper will show you how to effectively track, measure, manage, and, most importantly, collect all of your receivables.

Medical Product Guide OBG Management Product Zone