Achieving Profitability Within A Medical Practice
Posted on March 28, 2008 - Filed Under Business | Leave a Comment
Maintaining a Profitable Practice
Managing Days Sales Outstanding
Timely collections are sometimes overlooked within a physician office. Collections begin prior to the patient visit, and end when the receivable is fully eliminated. Statistics have shown the longer the debt is outstanding, the less likelihood of collecting the full amount due to your office.
I have successfully decreased receivables days sale outstanding by streamlining and automating processes. Following are examples of the changes I have implemented, and recommend to increase your cash flow and productivity.
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