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Related Experiment Videos

Accounts receivable management techniques.

D L Elder

    Medical Group Management
    |June 9, 1985
    PubMed
    Summary
    This summary is machine-generated.

    This study details effective credit and collection techniques for medical groups. Administrators can learn practical strategies to improve revenue cycle management and enhance financial performance.

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    Area of Science:

    • Healthcare Administration
    • Medical Practice Management
    • Financial Management in Healthcare

    Background:

    • Effective credit and collection strategies are crucial for the financial health of medical groups.
    • Many medical group administrators seek practical, easy-to-understand guidance on revenue cycle management.
    • Existing literature may not adequately cover the day-to-day operational aspects of collections.

    Purpose of the Study:

    • To identify and present fundamental credit and collection techniques for medical group administrators.
    • To share practical "tricks of the trade" used by administrators nationwide.
    • To provide an accessible resource for improving collection rates and financial stability.

    Main Methods:

    • A survey was conducted among members of the Medical Group Management Association (MGMA).

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  • Data was collected on current credit and collection practices employed by medical group administrators.
  • Information gathered focused on strategies for money collection and revenue enhancement.
  • Main Results:

    • The survey identified common and effective credit and collection techniques used across various medical groups.
    • Numerous practical tips and "tricks of the trade" were shared by administrators.
    • Insights into the operational realities of medical group collections were revealed.

    Conclusions:

    • The findings provide a foundational understanding of successful credit and collection strategies.
    • The shared techniques are designed to be easily understood and adopted by administrators.
    • Implementing these practices can help medical groups improve their financial performance and collection efficiency.