Bill Sample / December 8, 2018 / Alissa Mcmahon
The same can be said of a sample contract. If nothing bad ever happens the sample contract is fine. But if a problem occurs it may not work out so well. When starting your new business no one wants to think about things going wrong but unfortunately in this business things do go wrong and we all need to be covered by a comprehensive contract when this happens. It may not be anything you did wrong and it may not even be anything the provider did wrong but sometimes things happen that are beyond our control. If you do use a sample contract and then two years later find yourself in court with a former client you are going to wish you had looked into writing the contract a little more. Just having a contract doesnt cover it. You need to make sure the contract is very specific to your company.
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.
To check the market for the goods they have produced most companies will hire market surveyors who will take a cross section of population and ask them whether they would be interested in buying such a product. A few survey sites will take a detailed questionnaire and then send you a free sample. This will require you to register with survey sites and then produce your detailed profile to their site. According to your geographical location and the profile you have submitted you will be eligible for a huge range of surveys. Sites like SurveyScout and GlobalTestMarket are all survey companies that have international clients and run surveys nearly every second. But the payment process of each company will vary. A few companies will reward you about a dollar to ten dollars for every survey that you finish.