{"id":138,"date":"2016-12-20T13:35:11","date_gmt":"2016-12-20T13:35:11","guid":{"rendered":"http:\/\/www.medicalbillersandcoders.com\/dme-billing-services-blog\/?p=138"},"modified":"2021-11-29T14:08:09","modified_gmt":"2021-11-29T14:08:09","slug":"is-your-ar-in-control-for-2016","status":"publish","type":"post","link":"https:\/\/www.medicalbillersandcoders.com\/dme-billing-services-blog\/is-your-ar-in-control-for-2016\/","title":{"rendered":"Is your Accounts Receivable (AR) in control for 2016?"},"content":{"rendered":"

Speak to the experts if the answer is \u201cNO\u201d
\nAccounts Receivable (A\/R) – does that give your DME Revenue Cycle Management service<\/a> nightmares when you think about it? Does the long DME billing cycle act as a barrier to that regular cash flow that you wait? How can you stay in control of your cash flow and intelligently forecast the 30, 60 and 90 days AR cycles?
\nFor A\/R to be streamlined certain planning and measures need to be in place, such as:<\/p>\n

\u2022 The right DME billing services<\/a> using the appropriate codes and modifiers
\n\u2022 Reviewing updates on insurance policies & patient\u2019s coverage
\n\u2022 Stringent documentation of process and implementation
\n\u2022 Checking in the receivable transactions
\n\u2022 Maintenance of receivable ledgers
\n\u2022 Preparing and delivering statements & reports as per audit requirements
\n\u2022 Data security to ensure complete privacy<\/p>\n

If the above is streamlined and going as scheduled then what is visible is
\n\u2022 Reduction of denial rates
\n\u2022 Reduction of AR days
\n\u2022 Improved productivity
\n\u2022 Considerable reduction in operational costs and overheads
\n\u2022 Consistent communication with your customer base<\/p>\n

Here are some of the queries you need to ask yourself if things are not going as planned against the above backdrop of the DME billing cycle.
\nHow is the revenue being billed versus collected?
\nIs revenue being held back for long days because of pending documents?
\nDo you have long outstanding A\/R <\/a>collections?<\/p>\n

If such is the case then you should be seeking ways to put things right before the New Year 2017 begins and the new political reforms set in. This is the time when expert help should be sought to streamline your A\/R collection so that with the New Year you can look forward to a more profitable DME services RCM process!<\/p>\n","protected":false},"excerpt":{"rendered":"

Speak to the experts if the answer is \u201cNO\u201d Accounts Receivable (A\/R) – does that give your DME Revenue Cycle Management service nightmares when you think about it? Does the long DME billing cycle act as a barrier to that regular cash flow that you wait? How can you stay in control of your cash […]<\/p>\n","protected":false},"author":1,"featured_media":143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[72,49,50],"class_list":["post-138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dme-billing-services","tag-american-healthcare-billing-services","tag-dme-billing-service","tag-revenue-cycle-managemnet"],"yoast_head":"\r\nIs your Accounts Receivable (AR) in control for 2016?<\/title>\r\n<meta name=\"description\" content=\"Accounts Receivable (A\/R) - does that give your DME Revenue Cycle Management service nightmares when you think about it? Does the long DME billing cycle act as a barrier to that regular cash flow that you wait? 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