Ensuring patient access to the necessary therapies/treatments or practices involves managing various components, and while medical billing and coding play a crucial role, they often don’t receive the attention they deserve.
In the complex world of healthcare billing, dealing with insurance claim denials is an ongoing challenge. Denials not only affect a healthcare provider’s revenue but also lead to administrative headaches and delays in patient care.
As you are aware, A/R days represent the duration it will take for a healthcare provider to receive their payments from insurance companies for the services they provided. There are times when this waiting period stretches for a very long time.
While often seen as intertwined, they serve different roles in the healthcare ecosystem. Understanding the nuances and disparities between these two is essential for healthcare practitioners, administrators, and professionals aiming to navigate financial well-being effectively.