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Article: Achieving excellence in the management of accounts receivable. (Sisters of Charity of the Incarnate Word Healthcare System's accounts receivable management initiative) (Cover Story)
- Article from:
- Healthcare Financial Management
- Article date:
- September 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PATIENT ACCOUNTS
Recent changes in healthcare reimbursement rules and practices have made the task of accounts receivable management a particularly demanding one for most financial managers. One multihospital system, after pursuing numerous strategies to reduce its accounts receivable with only marginal levels of success, launched a systemwide initiative to share both the positive and the negative accounts receivable management experiences of each department at each hospital in the system with all patient accounting staff. The objective of the initiative was to use the lessons learned from those experiences to attain excellence in accounts receivable management ...