Archive for AR

Gross and Net Collection Ratio

Gross Collection Ratio
The gross collection ratio includes the total payments received by a practice for a specific period without any write-offs. The gross collection ratio is the total payments for the period divided by the total charges without write-offs. For example, $500,000 (your payments) divided by $1000,000 (your charges), equals a gross collection [...]

Focus on your Collection Rate-Get Paid what you are Owed

Do not let the insurance companies get away with non payment. Report them to the insurance commission if they refuse to make an effort to pay you according to your contracts. There are practices that are complaining of insurance companies in Louisiana using the timely filing rule to get away with non payment. [...]

7 Steps to Clean AR

7 Step AR Recovery Process:
1. VERIFY PATIENT INSURANCE ELIGIBILITY( this and accurate demographics are a must for collecting Insurance and Patient AR)
2. Evaluate Insurance Contracts to ensure they adhere to current CPT guidelines.
3. Adjust your charges with a consistent formula based on a percentage of Medicare.(This allows for an accurate gross and net collection percentage)
4. [...]

Negotiate Your Payor Contracts

One way to secure more revenue for your practice during this economic downturn is to focus on the reimbursements that you can control. Like any business, focus needs to be on increasing revenue and decreasing expenses. An easy way to do this is by negotiating your insurance fee schedules.  You can typically see [...]

Dermatology Medical Billing Experts

We are a group of Dermatology Practice Executives, certified dermatology coders and dermatology billing specialists who want to help dermatologists by offering them ways to increase revenue and reduce the headaches of managing their office.  We recognize the challenges facing dermatologists and understand what it takes to run and manage a successful operation. Whether [...]

Dermatology Coding Alert

Dermatology Coding Alert give you the up-to-date answers to your toughest coding questions.
Dermatology Coding Alert is a practical, how-to billing and coding publication that tracks dozens of trends and provides plain-English tips and strategies to ensure your practice is coding correctly. Recent topics have included:

Consultations
Review of Systems
Modifier -51 [...]