Bill Sample / December 9, 2018 / Inez Nielsen
If you are like most people then you may have been considering ways to help cut back on the amount that you pay. Have you considered getting a free food sample of some of your favorite grocery items? We are not talking about the food samples that they give out in the store for you to taste right there. However we are talking about the countless food samples that you can order online and receive them directly in the mail. These samples can really help you to get the products that you are already using for free. You might even be surprised at the sizes that you would receive. In some cases you could actually get the same size of the item that you would have bought in the store. Once you receive the item you can scratch it off of your shopping list that week.
Patient Liability Percent of Patient Liability is the ratio of patient responsibility to total billed charges and it roughly reflects patient deductibles. This measure is important in measuring front office function as it has little to do with clean claim submission or effective followup. Percent of Accounts Receivable Beyond 60 90 and 120 Days (PARB60 PARB90 and PARB120) PARBX resolves the sensitivity issue of DAR metric and offers simple and charge-invariant metric of billing process. Its graphic representation has a skewed bell shape. Its steepness represents billing process quality: a steep curve and thin tail means healthy billing process while a flat bell and a fat tail means billing problems. According to the MGMA survey 25.35 percent of the average family practices accounts receivables were more than 120 days old in 1997.
Days in Accounts Receivable (DAR) A growing number of days in accounts receivable are symptomatic of a faulty billing process. One way to determine DAR is to count days from the date of service to the date of payment for every claim and then average across all claims. A simpler way to compute average number of days in accounts receivable by taking a ratio of accounts receivable to average daily charges or Number of days in accounts receivable = (Accounts Receivable / Average Charge) x 365 This metric too depends on medical specialty patient demographics payer mix and CPT sample. Another downside is that this metric is sensitive to provider as it counts the lag time of unsubmitted claims for services already delivered.