Receivables Aging

Do you know the "age" of your accounts receivables? A major medical association has said that on average 54% of receivables should be within 30 days, 16% should be within 60 days, 9% should be  within 90 days, 6% should be within 120 days and 14% should be over 120 days.

Global Medical Billing feels that the "age" of these balances is too old. These are the steps we will take to reduce your accounts receivable:

-Implementation of a credit card on file system
-Collection calls to patients with large balances
-Customized patient responsibility letters delivered at a frequency of your choosing 
-A processing program designed for claim payment in 14 days