Achieving excellence in the management of accounts receivable

• Published in: Healthcare financial management Vol. 47; no. 9; p. 24
• Main Authors: Ladewig, T L, Hecht, B A
• Format: Journal Article
• Language: English
• Published: United States 01-09-1993
• Subjects: Accounts Payable and Receivable; Catholicism; Efficiency; Financial Management, Hospital - methods; Financial Management, Hospital - standards; Hospitals, Religious - economics; Hospitals, Religious - organization & administration; Institutional Management Teams - organization & administration; Management Audit - economics; Multi-Institutional Systems - economics; Multi-Institutional Systems - organization & administration; Patient Credit and Collection - organization & administration; Patient Credit and Collection - standards; Planning Techniques; Systems Analysis; United States; United States
• ISSN: 0735-0732

Recent changes in healthcare reimbursement rules and practices have made the task of accounts receivable management a particularly demanding one for most financial managers. One multihospital system, after pursuing numerous strategies to reduce its accounts receivable with only marginal levels of success, launched a systemwide initiative to share both the positive and the negative accounts receivable management experiences of each department at each hospital in the system with all patient accounting staff. The objective of the initiative was to use the lessons learned from those experiences to attain excellence in accounts receivable management throughout the system. The ultimate success of the initiative is detailed in the following article.