Comprehensive A/R Solutions
News & Press
For those who received a Medicare accelerated or advance payment (CAAP) in 2020, Center for Medicare and Medicaid Services (CMS) will begin to recoup those payments off of upcoming Medicare remittances. Effective March 30th, 2021, recoupments will begin as of 1 year...
Many facilities struggle with cash flow issues as a result of delayed billing and patients without payer sources. We, at Comprehensive A/R Solutions, have perfected a billing and advisory model that has helped keep our clients running a healthier cash flow and...
Studies show, that a vast portion of Nursing Facility uncollectible debt nationwide is a result ofinefficient Medicaid planning for residents who are in need of Medicaid for long term care - andsubsequent denied Medicaid applications as a result. The solution to this...
Article for Leading Age NY on Reducing Bad Debt
Many organizations today are running bad debt expenses in the 3 to 5 percent range, resulting in millions in lost revenue. For some organizations, the financial struggle is real. With the countless changes that our industry is facing, it is becoming more and more difficult to collect the accounts receivable (AR). Looking at industry averages, if the percentage of bad debt is less than 2 percent, you’re doing fairly well. If the percentage is above 2 percent, Comprehensive Healthcare Solutions, LeadingAge NY’s new partner sponsor, recommends that you take a look at what the underlying causes of bad debt are in your organization. There are ways to improve your collections where bad debt expenses can be reduced to 1 percent or less.
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