Developing Your Optimum Payor Mix | Building Your Medical Billing Department | RCM

Let me ask you a question, how much revenue has your private practice lost due to simple medical billing mistakes? After 12 years of auditing private practices revenue cycle management, books, operations, and systems, I’ve found a trend of private practices leaving tens of thousands of dollars on the table on an annual basis.

You want 60% of that payer mix paying you 100% within 30 days or less. Pros & cons vary. The key is to diversify based on cash flow, margins, client retention, et cetera.

http://medicalbillingcodingonline.org/developing-your-optimum-payor-mix-building-your-medical-billing-department-rcm/