ACCOUNTS RECEIVABLE Archives - Wonder Worth Solutions

08 Feb 23

Receivables Turnover Ratio: Formula, Importance, Examples, Limitations

Introduction The Formula For Computing The Accounts Receivable Turnover Ratio Is: The formula for computing the accounts receivable turnover ratio is: Add all of the charges posted for a given period: 3 months, 6 months, 12 months. Subtract all credits received from the total number of charges. Divide the total…

03 Nov 22

Every Dollar Counts: Revisiting Pre-Bill Review to Recover Revenue

Introduction In today’s healthcare landscape, there are many ways for a claim to be denied. While pre-bill review helps identify and address these denials as quickly as possible, it can also help uncover other areas where underpayments are occurring. Pre-bill review is conducted by a team of revenue integrity professionals…

29 Oct 22

WHY ARE DAYS IN AR IMPORTANT

Introduction Days in AR is a very important concept. It explains the impact of delayed payments on cash flow and measures the amount of time between payment being due and when it clears your bank account. The concept is primarily used to evaluate a practice’s financial health. A high days-in-AR…

09 Sep 22

Ways Lengthy Processes Affect Hospitals and Healthcare Professionals

An abundance of meetings and procedures is common in most industries, but healthcare professionals face an especially challenging environment when it comes to keeping things streamlined. Red tape is abundant within the healthcare industry, with many departments having their own rules and regulations that must be followed exactly. With the…

May 26, 2022
Martin Jacob
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In an article published last week by Cristy Good at MGMA, Ms Good had written, “half of the practices are experiencing a significant increase in the number of days of A/R in 2021.” The most recent MGMA stats poll indicated that 50% of medical practice leaders said their days in…

ACCOUNTS RECEIVABLE

Receivables Turnover Ratio: Formula, Importance, Examples, Limitations

Every Dollar Counts: Revisiting Pre-Bill Review to Recover Revenue

WHY ARE DAYS IN AR IMPORTANT

Is your practice experiencing a significant increase in the number of days of A/R?

Mastering Medical Device Manufacturing: Purchasing and Supplier Management (Part 3 of 5)

Mastering Medical Device Design & Development: A Comprehensive Guide (Part 2 of 5)

Mastering Medical Device Design & Development: A Comprehensive Guide (Part 1 of 5)

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