Mr. Angerhofer shared the following tip with Becker’s Hospital Review: “Perform the work in a timeframe that will result in cash before your deadline. If you are working toward an end of month, end of quarter or end of year deadline, think about payer processing times and how they impact the timing of your efforts. Commercial payers that pay in 30 to 45 days require activity well in advance — focus there first, before moving to Medicare or other payers that process in 14 to 21 days.”
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If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the “RCM tip of the day” series.
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