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Tracking in-house accounts receivable can identify potential problems.

R E Moore1

  • 1Tampa General Hospital, FL.

Patient Accounts
|August 7, 1990
PubMed
Summary

Hospitals can improve financial outcomes by implementing a program to track accounts receivables. Analyzing patient financial, social, and clinical data proactively identifies potential bad debt or charity care write-offs.

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Area of Science:

  • Healthcare Management
  • Financial Administration
  • Patient Services

Background:

  • Hospitals face financial challenges due to uncollected accounts receivables.
  • Bad debt and charity care write-offs significantly impact hospital profitability.
  • Proactive identification of at-risk accounts is crucial for financial stability.

Purpose of the Study:

  • To introduce a program for tracking in-house accounts receivables.
  • To enable hospitals to identify potential bad debt and charity care cases early.
  • To promote a proactive approach to managing patient accounts.

Main Methods:

  • Developing a tracking program for in-house accounts receivables.
  • Implementing a case management approach.
  • Analyzing patients' financial, social, and clinical information.

Main Results:

  • The program helps identify accounts with a high likelihood of becoming bad debt or charity care write-offs.
  • A case management strategy allows for early intervention.
  • Hospitals can transition from reactive to proactive problem-solving.

Conclusions:

  • A dedicated accounts receivable tracking program is essential for financial health.
  • Integrating patient data analysis into case management enhances financial forecasting.
  • Proactive financial management improves hospital operational efficiency and reduces write-offs.

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