"Days in A/R". An important phrase to those having fiscal and budget responsibility in the Healthcare Industry. A sure fire way to minimize days in A/R is to speed information to the staff responsible for providing follow up to insurance companys requests for additional documentation.
When invoices become overdue, Accounts Receivable (AR) calls or writes to the insurance company or patient to request payment. Very often, this requires the AR staff to reference an EOB, an operative report or a signed and dated referral. Without imaging, this means a manual task of getting the paper records, faxing them and then re-filing. Labor increases substantially if the documents are misfiled, and collection can be nearly impossible if the paper is lost. In addition, phone calls are delayed while documentation is collected.
| Minimizing "Days in A/R" | |
| Before imaging | 31 days |
| With Acordex | 3 days |
Multiple scan stations at your remote clinics or satelite campuses move documents back to your central billing office within minutes. Your follow up billing statements are faxed or in the mail much sooner thus enabling the insurance companies to pay your claims quicker.
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