Lower My Days in A/R Ratio

Many organizations have made the move toward point-of-service collections to decrease net A/R days and increase cash flow. Health systems increasingly employ retail consumer tactics to collect payment, including deposits, contracts that clearly set out schedules and expectations, and secure storage of credit cards. One hospital now receives credit card payments for 85 percent of all point-of-service cash collections and 97 percent of online payments, and has reduced A/R by 11 percent (five days).

Improving future point-of-service collections may also include educating staff on the services your patients receive, and an understanding of what your facility needs to be profitable. Connecting patients, providers, pharmacies, payers and financial institutions through network software solutions that offer connectivity and interoperability will drive cash collection and reduce A/R days.

Accelerating Reimbursement and Maximizing Revenue from Registration Through Collections

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Accelerate Cash Flow with Superior Revenue Cycle Solutions

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Eliminate Paperwork, Accelerate Processing, and Reduce Costs Through Automated Processing

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Simplify the Patient Billing Experience

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