BALTC Q&A
Billing Alert for Long-Term Care, April 1, 2009
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Q: I am the administrator at a long-term care facility, and the owners have asked me to take a more active role in the financial aspects of the business. As part of this new role, I am to oversee the billing department and assist in the management of the accounts receivable. I am new to long-term care and do not have a lot of experience with the payers in a nursing facility. I was hoping you could give me some advice as to how to approach the accounts receivable from a management perspective.
A. Managing the accounts receivable is essential for a nursing facility to survive our current economic environment. The first step for you is to break down the different accounts by pay type. Each pay type has its own set of issues and frequency for payment.
This is an excerpt from a member only article. To read the article in its entirety, please login or subscribe to Billing Alert for Long-Term Care.
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