Posts Tagged: Secondary Placement

Make Lemonade from Lemons

Posted by & filed under Asset Sale, Healthcare Patient Bad Debt, Healthcare Revenue Cycle Management, Pre-Paid Lease, Primary Placement, Secondary Placement.

Leverage Patient Bad Debt to Increase Revenue and Yield In our increasingly data-driven healthcare environment, effective financial management requires timely analysis of Key Performance Indicators (KPI). But it’s essential to track the metrics that give you the most complete picture of your revenue cycle. Traditionally, healthcare finance executives looked at “days in A/R” and “aged receivables”… Read more »

Three Ways to Improve Your Patient Bad Debt Process and Performance

Posted by & filed under Healthcare Patient Bad Debt, Hospital Financial Challenges.

Fewer than 20% of hospitals do anything to collect patient bad debt accounts except to “Set ‘em and Forget ‘em” with one or two primary collection agencies at about day 120. Unpaid patient accounts languish with contingency collection agencies indefinitely while hospitals recover only 10% of bad debt according to a Self-Pay study by HFMA… Read more »