improved collections cash flow management

Proactive Cash Flow Management: How Two Centers Improved Collections during a Pandemic

By focusing on aging account receivable and upfront collections, centers located in the heart of the pandemic followed our best practices and realized:

  • Total dollars outstanding over 90 days decreased by $31K compared to the previous month
    • Center realized lowest amount in that category since 2016
  • One center achieved 149% of its cash goal
  • Another center improved upfront collections by 67% compared year-over-year

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“ASCs want to collect everything they have available, and that means paying close attention to two buckets in particular. We look at all aging accounts receivable and on any new cases, we work with centers to maximize what they are collecting upfront from patients.” 

– Erin Petrie, RCM Director of Revenue Cycle Management