Frequently
Asked Questions
These
will be updated as new questions are needed to be answered based on
feedback from web page viewers as well as information not found elsewhere
on our web site.
What
is "Days in Accounts Receivable"?
Your Money! You
want to be paid by insurers and patients as quickly as
possible. The industry standard to measure the speed of medical
payments is “ Days in Accounts Receivable.”
Simply, it is
how fast (or slow) in “days” it takes on average for your money to be
collected from insurance companies and patients. Too many Days in AR
results in lost revenue. For many medical specialties, CPB averages
less than 23 days—which is considered excellent in the
industry.
What is your
Days-in-Accounts Receivable? Not sure?
Provide your monthly charges for the last 3 months and each
month-ending accounts receivable and we’ll calculate it for you. You
may be very disappointed!