Days to Pay

Is it taking your medical practice longer to get paid?

How do you know?

How much longer?

Today’s BIG Ideas Podcast describes what a savvy practice in the Southeast is doing to track how long it takes payers to respond to a clean claim.  You will not be surprised to see that we use Pivot Tables to analyze the data, focusing first on payers.  The data behind the Pivot Table also allows to track days to pay by insurance plan, provider, procedure code and more, while trending the data by month and year.  What would your practice do with this kind of data?  Would you change workflows or processes to get paid sooner?  The pandemic, quiet quitting, and inflation have all taken a significant toll on medical practices.  Those same factors have also impacted payers.  What do your numbers look like?