Tag: Reduce AR Days
How to Lower Accounts Receivable Days in Your Healthcare Practice?
In the vital signs of your healthcare practice’s financial health, Days in Accounts Receivable (AR Days) is a paramount metric. It measures the average number of days it takes to collect payment after a service is rendered. A high number indicates sluggish cash flow management, trapped working capital, and systemic inefficiencies in your revenue cycle performance. For practice administrators and […]
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Solving Slow Medical Billing Payments: A Cash Flow Guide
For medical practice owners and administrators, few things are as consistently stressful as the specter of a cash flow crunch. This financial pressure often stems directly from the pervasive issue of slow medical billing payments, where claims sitting in accounts receivable create a dangerous gap between services rendered and revenue received. This isn’t just an accounting annoyance; it’s a […]
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