How successful is your practice in collecting payments on all of the services you perform?

With the external forces of Managed Care, Medicare and malpractice insurance creating such a heavy financial burden on healthcare practices, effective accounts receivable (A/R) management is crucial. Kerkering Barberio's Healthcare Advisory team can assist you in effective A/R management by:

• Conducting an audit of your reporting, coding, and billing processes.
• Using "Payor Mapping" to identify problem payors.
• Setting A/R goals including specific procedures to clean up old A/R.
• Establishing policies and procedures that will improve the bottom-line through performance targets.
• Staff training on collection techniques and open account follow-up.
• Instruction on successfully appealing denied claims.
• Designing reports to help you monitor A/R and track goals in a timely, complete and meaningful manner.
• Benchmarking your organization alongside national and regional same specialty providers, IDTF's or similar type ASC's.
• Tracking and analyzing managed plan performance.

Based on years of experience, we are able to "weight" each aging category of your A/R to give you a clear understanding of how much can realistically be collected. We then work with your staff to set goals and put policies and procedures in place to ensure you collect the full reimbursement you are entitled to.