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Billing Services Most offices have what I like to call an ARV (Accounts Receivable Virus). ARV is present when a practice receives less than what it should be paid for the services performed. Many Physicians are working for as little as 60% of that amount. We classify it as a pandemic because of the national impact it is having on the medical industry. |
WHO’S AT RISK?
Some practices have taken the necessary steps to prevent or to cure ARV, but there are still an overwhelming amount of practices that have this problem. Those with the most severe cases, that are losing the largest percentage of money, are typically ones that fall into one or more of the following categories.
Practice with less than 10 physicians
General Practitioners
Multi-specialty practices
Practices that use small 3rd party billers
Practices with overtaxed management
UNDERSTANDING THE VIRUS
To understand the cure we must understand how ARV works. Healthcare Coding Consultants and billing Services understands that “billing” is comprised of three key elements. We call those elements the Cash Triangle.
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