The COVID-19 pandemic is impacting the entire economy in a big way—and the addiction treatment community is taking a hit right along with everyone else. Today we’ll talk about the top 5 strategies we’re seeing BehaveHealth clients adopt to combat the negative economic impacts of the pandemic and keep their addiction treatment facilities afloat.
Get Paid: The Right Way to Shave Down Net Days in A/R at Your Addiction Treatment Center
Your addiction treatment center is only as healthy as its revenue cycle management. At the heart of the revenue cycle is the “Net Days in Accounts Receivable” performance indicator, which—in an ideal world—should be no more than 30 days. The faster you get paid, the easier it is to support a strong cash flow and avoid racking up bad debt.