Bill Sample / December 8, 2018 / Daphne Pope
Be wary of sites that have no clear relationship with a product manufacturer. Wisely Use the Products You Get Most free samples by mail are packaged in budget sizes. This means a product could last for at least 3 days. As much as possible avoid consuming a free product in one day so that you can maximize your savings. It is also best to apply for numerous free sample programs online. There are many trusted consumer forums and free product websites that recommend hundreds of items. Sign up with as many as you can and the free products will flow into your mailbox each month. You can fill a small cabinet with free grocery products that could last for a weeks consumption of your family. Basic Safety Tips Remember that free sampling programs are free. There should be no money involved in the transaction.
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.
Useful metrics must be comprehensive and simple. They must combine both complete end-to-end processes and their individual components. Metrics must be used consistently over time and compared to standards. Obviously different standards apply to different medical specialties patient demographics payers and samples of CPT codes. Medical billing metrics typically include compliance cash balances charges accounts receivable and collection ratios to help monitor cash flow. This article focuses on performance metrics. For discussion of compliance program see companion article on Medical Billing Compliance. Collection Ratios Traditional metrics include gross and net collection ratios. Both metrics are subjective to individual practice because they compare (often arbitrary) charges to (allowed) payments.