Aging reports confuse a lot of our providers. At their core, aging reports are pretty simple. It’s essentially a report of all the money you’re owed and how long you’ve been waiting for it. But the term “aging” is misleading. Aging reports give us the age of claims from the date they were submitted. So…
We live and breathe by this ONE metric. Does your practice?
September 1, 2016 By Leave a Comment
If I had to pick one benchmark that matters the most for a practice, it would be collection ratios. And that’s not just a cop-out to get me the two-for-one special (net and gross collection ratios.) At IPS, we live and breathe by these numbers! They are absolutely vital to the health of your…
How to decode confusing EOBs — the simple way
August 3, 2016 By Leave a Comment
When you switch to electronic fund transfers and stop receiving paper checks, you can choose to receive an electronic Explanation of Benefits (EOB) instead of paper. And as I’m sure you have experienced with some carriers, we don’t even get the opportunity to choose. Those of us in the healthcare world would like to believe…
Paper or Plastic? – Your Insurance Payments
April 17, 2015 By Leave a Comment
The age old question of your friendly neighborhood grocer, “Paper or Plastic?”, is now all the buzz in the world of insurance payments. In recent years, technology has taken healthcare by storm and now insurance payments are at the forefront of the conversation. Now is the time for you to consider the transition to the…
