Old Receivables
Bernie Veldman
Description
Collection
Title:
Old Receivables
Creator:
Bernie Veldman
Date:
7/30/2003
Text:
I realize that this is a less clinical question than I would normally post,
but I would like to know if there is anyone out there with a good receivable
strategy for smaller leftover claims (over 120 days).
While we have maintained pretty solid control of our receivables and manage
to keep them equal or less than 60 days sales, slowly but surely, the over
120 climbs. Most of these are smaller claims like small co-pays $100 or
less, or small non covered items that did not get collected at the time of
delivery. I am tempted to just write them off because the amount of time
that it takes to track them individually is too great to justify the few
bucks that we may get back.
Does anyone else out there have a good strategy for dealing with this? If
so, I would love to hear from you. I will post replies unless asked not to.
Bernie Veldman
BOC Orthotist
<Email Address Redacted>
www.surestep.net
but I would like to know if there is anyone out there with a good receivable
strategy for smaller leftover claims (over 120 days).
While we have maintained pretty solid control of our receivables and manage
to keep them equal or less than 60 days sales, slowly but surely, the over
120 climbs. Most of these are smaller claims like small co-pays $100 or
less, or small non covered items that did not get collected at the time of
delivery. I am tempted to just write them off because the amount of time
that it takes to track them individually is too great to justify the few
bucks that we may get back.
Does anyone else out there have a good strategy for dealing with this? If
so, I would love to hear from you. I will post replies unless asked not to.
Bernie Veldman
BOC Orthotist
<Email Address Redacted>
www.surestep.net
Citation
Bernie Veldman, “Old Receivables,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 6, 2024, https://library.drfop.org/items/show/221469.
