Compliance with Credit Balance Resolution Rules Does Not Have to Be Difficult

Posted in Accounts Receivable (A/R), Credit Balance Resolution, Revenue Cycle Management (RCM)

Credit balances are unavoidable and time-consuming. However, by law, they must be resolved. This activity does not have to be difficult even for already over-worked billing staffs. Professional outsourcing services are available to help with this growing challenge. These services can be customized to fit into your specific workflow and increase your staff’s productivity, allowing …

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Six Benefits and Results of Having a Good Credit Balance Resolution Program

Posted in Accounts Receivable (A/R), Credit Balance Resolution, Revenue Cycle Management (RCM)

In today’s healthcare environment, credit balances are commonplace. The healthcare industry has a high incidence of credit balances due to multiple parties paying claims. The way that various information technology (IT) systems operate also creates credit balances. Each provider must determine its credit balance strategy — implement an internal program, which usually requires adding staff; …

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10 Best Practices for Credit Balance Resolution

Posted in Accounts Receivable (A/R), Credit Balance Resolution, Revenue Cycle Management (RCM)

Credit balances are simply a part of everyday life in the delivery of healthcare services. Unresolved credit balance accounts can distort the profitability of a healthcare facility and foster financial risks. Researching and correcting posting errors, duplicate payments, overpayments, and misapplied credits are not only time consuming, but also expensive. However, failure to address these …

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