Wednesday, June 11, 2025
  • Business
    • REAL ESTATE
    • PROFESSIONAL SERVICES
    • ECOMMERCE
    • Tour & Travel
  • Service
    • Home Decor
    • Home Improvement
  • Health & Fitness
  • BEAUTY & FASHION
  • Contact
News Mozi
  • Business
    • REAL ESTATE
    • PROFESSIONAL SERVICES
    • ECOMMERCE
    • Tour & Travel
  • Service
    • Home Decor
    • Home Improvement
  • Health & Fitness
  • BEAUTY & FASHION
  • Contact
No Result
View All Result
News Mozi
  • Business
    • REAL ESTATE
    • PROFESSIONAL SERVICES
    • ECOMMERCE
    • Tour & Travel
  • Service
    • Home Decor
    • Home Improvement
  • Health & Fitness
  • BEAUTY & FASHION
  • Contact
No Result
View All Result
News Mozi
No Result
View All Result
Home Business

The Top 4 Challenges in Accounts Receivables and How to Solve Them

by Amelia Josh
June 18, 2022
in Business
0
The Top 4 Challenges in Accounts Receivables and How to Solve Them

forms invoices lying on a light table

586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Though most medical practices have accounts receivable policies, most don’t implement them efficiently, leading to outstanding dues. This obviously hurts the cash flow and hampers the growth of a practice.

Table of Contents

  • In this blog we look at the 4 most common challenges faced by medical practices
    • Denial of Insurance Claims 
    • You might also like
    • Why a Hybrid Latex Mattress is the Future of Sleep?
    • The TikTok’s “Hot and not” Trend hot or not composite images
    • Pacman 30th Anniversary (Pacman Google Doodle!)
    • Needless write-offs 
    • Bad Debts 
    • Collection Culture 
    • Conclusion  

In this blog we look at the 4 most common challenges faced by medical practices

  1. Denial of Insurance Claims 

The most common reason for rise in medical accounts receivables numbers is denial of claims by insurers. Therefore the biggest challenge in managing A/Rs is having an efficient strategy for denial management.

You might also like

Why a Hybrid Latex Mattress is the Future of Sleep?

The TikTok’s “Hot and not” Trend hot or not composite images

Pacman 30th Anniversary (Pacman Google Doodle!)

An accounts receivables service provider understands how to tailor an A/R strategy for your business needs. Based on the strategy, they will diligently follow up on denied claims, investigate them, and note what needs to be done to get reimbursed.

  1. Needless write-offs 

Lower amounts that remain unpaid are often ignored by in-house billing or accounts receivables teams. As this account gets old, practices will have to write off the due. This adversely affects a practices balance sheet.

An accounts receivables services provider will follow up with patients to determine who is willing to pay. They will work out a solution with them to reduce their medical debt. They will review every single bill before they write it off, regardless of the amount. This will help prevent loss of revenue for your practice or hospital.

  1. Bad Debts 

Bad debts is a sad reality of medical accounts receivables. The patient’s contribution is over a fourth of the revenue in medical billing. Previously, it was only at the time of service that the patient was responsible for payments, but now, it is essential that the payment is collected from them throughout the entire revenue cycle.

The accounts receivables services team will gather all the required info about billing and insurance before the service is provided. They will calculate the expected cost patients need to pay themselves and collect it upfront. Once the coverage and insurance bills are verified, the patient understands and agrees to their responsibility.

  1. Collection Culture 

A/R depends a lot on collection culture. Following up on and collecting payments is not the primary work of healthcare professionals – they are concerned with providing quality care to patients. Therefore developing a collection culture can be a challenge for a practice

If you outsource collections to an accounts receivables services provider, they will have the right tools to make sure that all payments are collected in time. They have the expertise and the technology to ensure that your revenue cycle is not affected – eventually leading to better patient care and retention.

Conclusion  

High percentage of accounts receivables can impact your practice in negative ways. So it is important to overcome all challenges with A/R. An experienced accounts receivables services company can keep the numbers low and ensure smooth revenue inflow.

 

Tags: accounts receivables services provider

Amelia Josh

Rinku Malik is a regular contributor at newmozi.com and gopostbox.com, Codeplayon.com. He is a digital marketer, passionate with his work, and likes to serve the services of SEO, WordPress website management, and Social media marketing.

Related Posts

Hybrid Latex Mattress
Business

Why a Hybrid Latex Mattress is the Future of Sleep?

by Amelia Josh
March 26, 2025
The TikTok's "Hot and not" Trend hot or not composite images
Business

The TikTok’s “Hot and not” Trend hot or not composite images

by Amelia Josh
December 27, 2024
pacman 30th anniversary
Business

Pacman 30th Anniversary (Pacman Google Doodle!)

by Amelia Josh
December 27, 2024
eSports
Business

Exploring Most Popular eSports Games in India 2024

by Amelia Josh
December 22, 2024
Elevate Your Wellness Routine with Myotherapy
Business

Elevate Your Wellness Routine with Myotherapy

by Amelia Josh
April 22, 2024

Recommended

datacenter

Which Cisco certification is in demand in 2021?

March 22, 2022
Anton Fier

How did Anton Fier die? Cause of Death Revealed

January 29, 2024

Categories

  • BEAUTY & FASHION
  • Blog
  • Business
  • crypto
  • ECOMMERCE
  • Education
  • Entertainment
  • Food & Cuisine
  • Health & Fitness
  • Home Decor
  • Home Improvement
  • Insurance
  • Lawyer 
  • Markets
  • News & Trending
  • player
  • PROFESSIONAL SERVICES
  • REAL ESTATE
  • sarkari result
  • Stock
  • Streaming TV & Entertainment
  • technology
  • Website Reviews

Don't miss it

Tips for Managing Depression When You Have a Busy Work Schedule
Health & Fitness

June 9, 2025
ecryptobit .com
crypto

eCryptobit. Com: The Gateway to Secure and Versatile Cryptocurrency Solutions

May 11, 2025
SFM Compile
Entertainment

SFM Compile: The Comprehensive Guide to Streamlining Animation Workflows

May 11, 2025
Hybrid Latex Mattress
Business

Why a Hybrid Latex Mattress is the Future of Sleep?

March 26, 2025
Latex Mattress
Home Decor

7 Zone Latex Mattresses and Latex Pillows: The Perfect Duo for Restful Nights

January 31, 2025
disneyplus-com-begin
Streaming TV & Entertainment

Disneyplus.com Login/Begin | How to Activate your Disney+ Login Begin 8-digit Code

December 27, 2024
News Mozi

If you want to advertising on Newsmozi . Contact Rinkumalik733@gmail.com

Recent Posts

  • (no title)
  • eCryptobit. Com: The Gateway to Secure and Versatile Cryptocurrency Solutions
  • SFM Compile: The Comprehensive Guide to Streamlining Animation Workflows
  • Why a Hybrid Latex Mattress is the Future of Sleep?
  • 7 Zone Latex Mattresses and Latex Pillows: The Perfect Duo for Restful Nights

Recent News

Tips for Managing Depression When You Have a Busy Work Schedule

June 9, 2025
ecryptobit .com

eCryptobit. Com: The Gateway to Secure and Versatile Cryptocurrency Solutions

May 11, 2025

© 2025 NewsMozi AsianPinay.com fikfap Taper Fade Haircut crypto 30x .com pinayflix gimkit join sfmcompile

No Result
View All Result
  • Business
    • REAL ESTATE
    • PROFESSIONAL SERVICES
    • ECOMMERCE
    • Tour & Travel
  • Service
    • Home Decor
    • Home Improvement
  • Health & Fitness
  • BEAUTY & FASHION
  • Contact

© 2025 NewsMozi AsianPinay.com fikfap Taper Fade Haircut crypto 30x .com pinayflix gimkit join sfmcompile