As physicians are taking summer vacations and time is freeing up for billing departments, it’s as important as ever to remain sharp.
For example, do you know how much outstanding accounts receivable you have in your 0-30 day, 30-60 day, 60-90 day, 90-120 day and 120-plus day categories?
Knowing the answer to this question will allow you to spot problems: quickly!
Working your A/R should be a daily function and if let to age-out, your business’ cash flow could lessen to the detriment of your practice viability.
Terry discusses how to attack your A/R and what you should be looking for daily to make sure your cash flow is on the right track.
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