Cash Flow in Medical Billing
Cash flow refers to the movement of money in and out of a healthcare practice, particularly related to income from patient payments and insurance reimbursements.
Cash Flow in Medical Billing Explained
In medical billing, cash flow is critical to the financial health of a healthcare provider. Positive cash flow ensures that the provider can pay operational costs, staff salaries, and other expenses while continuing to offer services. Effective billing practices, including timely claims submission and follow-up on unpaid accounts, are key to maintaining healthy cash flow.
For example, a clinic monitors its cash flow to ensure that insurance reimbursements are processed quickly, allowing the clinic to cover its operating costs.
Learn more about common acronyms and abbreviations in Medical billing glossary.
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