Bill Sample / December 9, 2018 / Rosalie Cain
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.
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.
This number has improved down to 17.7% in 2004. In summary comprehensive and charge-invariant metrics such as PARBX are more informative and objective than collection ratios. However these metrics alone fall short from identifying specific areas for billing process improvement. Modern technology helps identifying billing bottlenecks as it allows interactive review of multiple metrics along different aggregation dimensions. For instance PARBX metric is especially helpful to identify patterns of problem claims containing specific payer or CPT code. Further modern Vericle-like technologies enable comparison of every payment to allowed amount and subsequent appeal on every denial effectively reducing the average percent of accounts receivable to low single digits.