As we approach the end of the year, it’s a great time to start planning for 2019. At Outsource Receivables, we encourage our clients to take some time to assess the previous year. If you have any questions or need any help, feel free to give give our Chicago office a call at 708-864-4972. We also offer a customized performance improvement, free no-obligation assessment for your practice. That’s right… an initial evaluation of your present health care billing processes, existing performance benchmarking, and identification of opportunities for financial and overall clinic improvements.
Tips to Keep in Mind When Planning for 2019
Below are a few ways that you can take an honest assessment of your current medical office to determine areas where gains may be made.
- Look at the Numbers – When is the last time you took a look at your receivables? If it’s been a while, it’s important to ensure you’re going into 2019 with a clear picture of your practice’s financials. At Outsource Receivables one of our key indicators is the 90 DAY+, which we attempt to keep under 10% of total receivables.
- Leverage Technology and the Cloud – One of the biggest benefits of working with a medical billing office like Outsource Receivables is the ability to harness the knowledge and technology infrastructure of an industry leader.
- Work Smarter Not Hard – We’ve all heard this saying, but too often we find ourselves wearing 1,000 different hats, which can end up hurting the patient experience. Why not use 2019 to review areas that can be outsourced such as medical billing? You may be surprised at the time that’s freed up as well as the efficiency gains you’ll experience by working with a team of experts like Outsource Receivables.
- Don’t Reject Change – Change really is a good thing. Reviewing new ways to handle your medical billing could very likely improve your practice’s profitability. By working with a medical billing company, you’ll constantly be exposed to the latest technology offerings while having a team that’s available should any issues arise during the transition.
Here’s to a Successful 2019 for Your Medical Office
At Outsource Receivables, we wish you a healthy and profitable 2019, and want you to know that we’re always here should you have any questions about improving the overall efficiency of your medical office. Feel free to give our Chicago office a call at 708-864-4972 to discuss your plans for 2019.