Tag: Days Sales Outstanding (DSO)
Audits take their toll on finances, according to poll
January 17, 2014Leah Hoenen
YARMOUTH, Maine - If you use accounts receivable (A/R) to paint a picture of the financial health of HME providers, what you see doesn't look very good, according to the results of the latest HME Newspoll.
A majority of the 46 respondents to the poll—55%—said the portion of their A/R that is at least 60 days old was larger at the end of 2013 than it was at the end of 2012.
“Audits and delay tactics by all payers are driving up our A/R beyond a reasonable level,”...
What's the polar vortex of HME?
January 9, 2014Liz Beaulieu, Editor
In the past few months, a number of people have emailed me suggesting an HME NewsPoll to get a pulse on the financial health of HME providers in 2013. A good way to do that, they said: Ask providers about their DSO, A/R and patient collection rates.
So that's what we did.
One of the people who emailed me noted that if a provider has 20+% A/R greater than 60 days old, that means trouble.
And wouldn't you know it, so far, the majority of respondents to the poll say they have 20+% A/R...