Days in accounts receivable (A/R) is a critical number for providers to track. As healthcare revenue cycle challenges become more complex, you will need to monitor this KPI to stay competitive, keep up with consumerization trends, and support your overall financial goals. As you make this consideration, you might consider working with some of the top medical billing companies in the USA, but first, we want to help you gain some critical insights.
While COVID-19 “changed everything”, the change hasn’t stopped. Physicians will find that, even as things are settling down, they will need to adapt — adjusting how they approach their billing to stay flexible and on top of shifts that impact their groups and practices.
The American Medical Association (AMA) released updates to the Current Procedural Terminology (CPT) code set for 2022. The new code set aims to streamline reporting and tracking of COVID-19 reporting, among other updates.