Why are your AR days so high? On average, greater than 50% of the accounts in a facility’s aged receivable, consists of accounts with a balance below $2500.00. The lower balance claims represent less than 10% of your outstanding AR but more than 50% of your PFS department workload. Due to lower reimbursement and high volume these accounts are not your PFS departments primary focus.
At RRS, we pride ourselves on our ability to improve our client’s cash flow and AR days by focusing on low balance receivables. Our internal process accelerates cash collection by maximizing productivity. Our flexible workflow service model enables us to act a true extension of your team providing root-cause solutions, real-time reporting, and an improved collections ratio that positively will affect your bottom line.