As more hospitals migrate their legacy A/R to new revenue cycle platforms, critical decisions must be made to ensure cash reserves are protected and revenue streams maintained.
If hospitals or healthcare systems have not already weathered large-scale system conversions, then those in leadership positions know it’s coming sooner rather than later. Cleaning-up aged accounts receivables (A/R) on legacy systems is part of the process as well, and it comes with its own challenges.
In worst-case scenarios, careless legacy strategies can lead to costly A/R backlogs and related claims denials, all leading to disruptions in revenue and worse—a hit on cash reserves.
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