AR's Mission Should Be to Make Money
Category: General
Your Accounts Receivable team is working to make sure the money for invoices produced is actually collected - whether from private payers, Medicare, Medicaid or self-pay. But there is a lot of work that goes into following up, appealing denials, and collections efforts.
It takes labor effort – and therefore cost – to manage these outstanding invoices. And if your costs of collecting are less than the income that comes in, you’re in the black. You shouldn’t be spending $50 to collect a $40 balance.
So, how do you control costs while maximizing revenue capture?
Download our free white paper “Turn your Billing Department into a Profit Center: 8 Ways to Eliminate Inefficiency in AR” and learn more.
To learn more about how Medforce can help you improve visibility and control in AR, click here.
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