Practice Management

 View Only
  • 1.  AR Wind-down firms

    Posted 01-27-2020 15:03

     

    I have a client in need of a firm to wind-down  their old AR. The firm I knew well has closed so I am asking for suggestions. You can reply to me individually if you wish... Appreciate the help.... Thanks. 

     

    Keith E. Chew, MHA, CMPE, FRBMA

    Principal – Consulting with Integrity

    18 Hawks Nest Chatham, IL   62629

    217-971-5293 Direct

     



  • 2.  RE: AR Wind-down firms

    Posted 01-27-2020 18:49
    Hi Keith,
    We closed our practice by working the AR in house for six months after last charges billed and selling the balance to a collection agency.
    I reduced the staff each month by 2 as I found them new job.





  • 3.  RE: AR Wind-down firms

    Posted 01-27-2020 19:14
    Thanks Jim... This client is out sourced do we have 90 days of the RCM before we move the AR. If it was in-house I like your solution best...



    Sent from my Verizon, Samsung Galaxy smartphone





  • 4.  RE: AR Wind-down firms

    Posted 01-27-2020 19:21

    Keith

    We worked out our old (in-house) AR for 90 days and then turned remaining old AR to a local agency that has a third-party billing unit and collected on the turn under a percentage arrangement.  I'd be happy to refer them to you if interested.  The end result was very good, both PR and collections, but it was not with some folks unhappy to have their active account turned over to a "collection agency," but once explained it was a third-party billing arrangement it was understood and good relations maintained.

    BW

     

     

    Bill Wilson

    Practice Administrator

    Radiologic Professional Services, PA

     






  • 5.  RE: AR Wind-down firms

    Posted 01-27-2020 19:34
    Thanks Bill I would like to talk with them if you can connect us...



    Sent from my Verizon, Samsung Galaxy smartphone





  • 6.  RE: AR Wind-down firms

    Posted 01-28-2020 14:39

    Hi Keith. We have been using First Coast Billing Group and are happy with the results. I pasted their contact info below.

     

    Morris Moran

    President

    First Coast Billing Group

    11655 Central Parkway

    Suite #305

    Jacksonville, FL  32224

    (c) 904-923-1323

    (w) 904-396-2342 ext 1000

    (f) 904-396-4279

     

    Morris.moran@fcbginc.com

     

    Cecelia Bartz

    Contract Manager

    Modesto Radiological Medical Group, Inc

    1524 McHenry Avenue Suite 430

    Modesto, CA 95350

    209-342-5946

    FAX: 209-846-7309

    cbartz@modrad.com

     






  • 7.  RE: AR Wind-down firms

    Posted 01-28-2020 15:02
    Thanks Cecelia.



    Sent from my Verizon, Samsung Galaxy smartphone