Reingruber Alert: Tactics to Drive Cash Flow Under COVID-19
4/8/2020 - By Claudia Reingruber, CPA, CHC
How to Sustain Your Focus on Billing and A/R Collection
- Healthcare Providers and Current Billing and A/R Challenges
- During this Public Health Emergency, many providers are experiencing higher costs, staffing challenges, and declining census
- Medicare census has been hit especially hard
- Medicaid Managed Care continues to present billing challenges
- Reduced cash flow can result
- Resolving older unpaid claims can help!
- How Can Providers Keep Their Focus on Billing and Collection?
- Organize and prioritize the A/R
- Focus on the oldest claims and highest dollar amounts
- Review timely filing guidelines to identify amounts in the billing window
- Monitor shifts in A/R by payer and type to realign efforts if needed
- Add to existing billing staff through cross-training
- Supplement staff with outside expertise to address problematic claims!
- Other Ways We Can Help Improve Cash Flow
- Evaluate the option of Medicare Advance Payment
- Understand and take advantage of Section 1135 waivers and flexibilities
- Saltmarsh Offers Cost-Effective Solutions to Reduce A/R!
- Let us work on aged accounts so you can stay on top of current claims
- We can resolve issues with:
- MSP, overlaps, and Medicare Advantage claims
- Secondary and coinsurance billing
- Assemble support for Medicare bad debts
- You can use our assistance as needed - no advance commitment necessary
- We can help improve collections and avoid unnecessary write-offs
QUESTIONS?
If you have questions about your particular circumstances, please contact our team or call (800) 477-7458.
Visit our COVID-19 RESOURCE HUB for ongoing updates and information. Due to the ever-changing nature of this event, you should always consult a professional.
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