Bill Sample / December 8, 2018 / Lessie Larson
If you dont include the responsibilities of each party in the contract how does it protect either of you when the relationship starts to fall apart? And if neither party knows their responsibilities how can you expect that the relationship will work? Here is an example. You specify in the contract that it is the obligation of the providers office representative to supply you with all the payment remittances but you are not getting them which is causing you to do a lot of extra work in contacting the insurance carriers to check status on claims that were already paid. It is upsetting to spend three or four hours calling insurance companies to find that the claims were paid but the doctors office missed sending you the eobs.
If a website tries to access your financial information by asking for credit card numbers bank account info or PayPal details then you are probably dealing with a scammer. Treat free products like the ads on television. They are promotional items and you have no obligation to pay for them. In fact you are doing a favor for the manufacturers because you are participating in their programs. In case you have been scammed do not call the supposed customer service of the website because you will not get any response from it. If you are billed immediately call your credit card company and report an unauthorized billing. Lastly create a separate email account for the free sample programs. This is a good way to protect your primary personal email from spam and information theft.
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.