Understanding Days in A/R
Do we measure days in A/R starting from the date of service or the charge date? Also, should we demand information on individual A/R from our billing service, or is group A/R enough?
Question: Do we measure days in A/R starting from the date of service or the charge date? Also, should we demand information on individual A/R from our billing service, or is group A/R enough?
Answer: The industry standard is to start counting days in A/R from the date of service. You want to also work to eliminate any delay in getting the claims out the door. I should think group A/R is enough (you can divide by total number of physicians if you wish). But your staff and the billing staff presumably are not holding back on one physician's claims over another's. The physicians don't really control the speed of payment.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
