Giving receivables an 'outside' chance.
Because of a greater number of patient visits and transactions, outpatient care typically involves more clerical and administrative work for less revenue than inpatient accounts. One hospital turned to outsourcing its outpatient receivables-contracting with an outside company to handle outpatient receivables. An outside company first can help an organization tackle an outpatient billing backlog and increase cash flow from outpatient accounts. Eventually, outsourcing can help an organization replace an outdated computer system and stem the tide of billing office employee attrition.
Yonkers General Hospital, NY.
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D000067:Accounts Payable and Receivable; D003284:Contract Services; D006744:Hospital Bed Capacity, 100 to 299; D007344:Insurance Claim Reporting; D015274:Interdepartmental Relations; D009519:New York City; D010044:Outpatient Clinics, Hospital / Q000191:economics*; D010350:Patient Credit and Collection / Q000458:organization & administration*; D011340:Problem Solving