Five tips for hospitals looking to reduce their A/R days and improve cash flow.
The longer your A/R ages, it becomes less likely and more resource-draining to collect. Front desk errors, insurance eligibility lapses, coding mistakes, payer and patient discrepancies may all affect your A/R, bottlenecking your cash flow and balance sheets.
Most hospitals average 50 days or more of A/R, but ideally you want to be between 30-40 days aged to ensure the financial health of your organization.
If your hospital is looking to reduce A/R days and improve cash flow, download our guide to discover our top five tips to improve your hospital’s A/R strategy.