SNF Billing Revamp- Last Quarter Old AR Recovery

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SNF Billing Revamp Last Quarter Old AR Recovery
Is Your SNF Billing System Leaving Revenue on the
Table? Its the years final quarter, and your
Skilled Nursing Facility (SNF) is struggling with
aged accounts receivable (AR) from months
earlier. The services were provided, and the
patients were cared for, yet a substantial
portion of your revenue remains tied up in
accounts receivable. Your facility isnt
alonemany SNFs across the industry are missing
out on significant revenue due to inefficient SNF
Billing processes and inadequate AR
management. What if your facility could reclaim
much of that revenue before year-end? Industry
data shows that nearly 30 of uncollected SNF
revenue is trapped in old ARleading to
financial strain during the final quarter. Can
your facility afford to lose this potential
income? More importantly, are your current
billing practices actively contributing to this
problem? Why Precise SNF Billing is Essential
for Last-Quarter AR Recovery SNF billing plays a
pivotal role in ensuring a facilitys financial
health. However, claims can be delayed, denied,
or left unaddressed without optimized billing
practicesleading to increasing AR. As your AR
ages beyond 90 to 120 days, the chances of
successful recovery dwindle significantly.
Studies show that recovery chances drop
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SNF Billing Revamp Last Quarter Old AR Recovery
significantly when AR extends past 120 dayswith
only around 10-20 of the amount typically being
collected.? This makes the last quarter a
critical period for revenue recovery, where every
claim counts. Facilities that optimize their
billing workflows can see up to a 15 increase in
collections by the years end. Days in AR The
Key to Efficient Old AR Recovery in SNF
Billing Days in Accounts Receivable (Days in AR)
is one of the most critical KPIs for any facility
focused on AR recovery. This metric tells you how
quickly your SNF is collecting payments, giving
insight into the efficiency of your billing
process. The goal is to keep your Days in AR
below 50 to ensure timely collections and prevent
AR from aging beyond the point of
recovery. Formula Total AR Average daily
charges Days in AR. By tracking this KPI and
regularly analyzing it, your SNF can pinpoint
problem areas, such as delayed claims, and take
immediate action to resolve them. In the case of
old AR recovery, improving days in AR can be the
difference between a successful year-end and
leaving money on the table.
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SNF Billing Revamp Last Quarter Old AR Recovery

• Optimizing SNF Billing Services for Last-Quarter
  AR Recovery
• To maximize old AR recovery in the final quarter,
  your SNF Billing Services must focus on
  efficiency and precision.
• Here are 4 tips to enhance your billing process
• Audit Your Billing Codes Incorrect coding can
  lead to rejected claims, extending the time to
  collect payments.
• Automate Billing Processes Advanced billing
  software can help speed up claim submissions,
  reduce errors, and manage denial follow-ups.
• Focus on Denial Management Address denied claims
  promptly and resubmit them with correct
  information to avoid further payment delays.
• Leverage Data Insights Regularly track your Days
  in AR to spot bottlenecks and improve your
  billing cycle.

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SNF Billing Revamp Last Quarter Old AR Recovery

• Outsource SNF Billing to MBC for Stress-Free Old
  AR Recovery
• For many Skilled Nursing Facilities (SNFs),
  internally managing billing and old AR becomes
  increasingly challengingespecially in the years
  final quarter. The complexity of navigating claim
  submissions, denials, and evolving regulations
  often leads to delayed payments and lost revenue.
  This is where Medical Billers and Coders
  (MBC) can make a significant impact. By
  outsourcing your SNF billing services to MBC, you
  gain access to a team of experts specializing in
  efficient, accurate billing and AR recovery.
• Heres how MBC can benefit your facility
• Accuracy Collections MBC ensures precise
  billing to maximize collections and minimize
  errors.
• Data-Driven Insights Leverage analytics to
  benchmark performance and improve your financial
  outcomes.
• Streamlined Documentation SOPs Consistent,
  well-structured processes produce measurable,
  efficient results.
• Dedicated Account Manager Benefit from
  transparent communication with regular progress
  updates.
• Value-Added Solutions Custom dashboards and
  forecasts offer actionable insights for future
  growth.

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SNF Billing Revamp Last Quarter Old AR Recovery
Ready to Recover Your Aged Accounts Receivable
And Streamline Your SNF Billing Process? Contact
MBC today to explore how our SNF billing services
can help maximize your revenue recovery in the
final quarter.
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SNF Billing Revamp Last Quarter Old AR Recovery
FAQs Q What is old AR recovery in SNF
billing? A Old AR recovery in SNF billing
refers to collecting overdue payments on accounts
receivable that have aged beyond 90 or 120 days.
It involves denial management, resubmitting
claims, and optimizing billing processes to
recover long-unpaid revenue. Q What are Days in
Accounts Receivable, and why is it
important? A Days in AR measures how long it
takes your SNF to collect payments after services
are provided. Lowering this metric improves cash
flow and helps recover old AR faster. Q How can
SNFs improve their old AR recovery? A Focusing
on KPIs like Days in AR, addressing denied claims
promptly, and optimizing billing processes
through automation can significantly improve old
AR recovery.
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SNF Billing Revamp Last Quarter Old AR Recovery
Q What is the CPT code for SNF
discharge? A The CPT codes for Skilled Nursing
Facility (SNF) discharge services are CPT
99315 and CPT 99316. CPT 99315 is used for the
discharge day management of a patient from an SNF
with a stay of less than 30 minutes, and CPT
99316 is used when the discharge day management
takes 30 minutes or more. Q What should I refer
to for SNF billing guidelines and
compliance? A For SNF billing guidelines and
compliance, refer to the Centers for Medicare
Medicaid Services (CMS), the Medicare Learning
Network (MLN) for educational resources, and
state-specific Medicaid guidelines for local
regulations.