A medical practice's largest financial asset is the patient accounts receivable. Managing this important asset is becoming increasingly complex. D. Merriwether & Associates can assist medical practices in gaining a better understanding of their accounts receivable process as well as identify specific areas of improvement. The accounts receivable management assessment includes analysis of
Front-end data collection process Claims follow-up and appeal process Patient responsible accounts collection
process Accounts receivable policies and procedures Payor mix Fee schedule analysis- practice fee schedule
- payors' fee schedules
Billing structure- technology
- staffing
- in-house billing office versus outsourcing
Comparison of key indicators to industry
standards Development of action plan for improvement
