Revenue Recovery, Collections and Patient Statements

Medical Billing - How To Do It!
10 Best Practices That Every Medical Biller Should Know

Medical Billing Best Practices # 10

Working the Revenue Cycle: Revenue Recovery & Collections

In Medical Billing, everything that is NOT paid by an insurance becomes 'patient pay' or the patient's responsibility. With elderly patients or Medicaid patients, these items are generally 'written down' and adjusted off the books so that the accounts receivable do not sky-rocket. For ordinary patients payment arrangements can be made, and it is the Biller's responsibility to see that they are made and followed, which requires staying on top of patient statements.

Patient statements are a bill or invoice that is sent out regularly, most often once a month. This can be put on auto-pilot assuming you have a good medical billing software with a collections modules.

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Back To:

#1 Checking Eligibility
#2 Understanding Coverage
#3 Admin Check-in
#4 Medical Coding
#5 Sending Claims Electronically

#6 Revenue Cycle Management (RCM)
#7 RCM: Follow-Up & Adjudication
#8 RCM: Pay & Adjust, Secondary Claims
#9 RCM: Claim Denials & Appeals
#10 RCM: Collections & Revenue Recovery

Medical Billing Best Practices # 10 Working the Revenue Cycle: Revenue Recovery & Collections

Medical Billing Best Practices # 10

Working the Revenue Cycle: Revenue Recovery & Collections