Dexios Diagnostic Imaging Center Billing and Collections
Article and Analysis

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Midlothian, VA 23113

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“What Every Radiologist Should Know About Medical Billing”
“There is no shame in not knowing; the shame lies in not finding out.” – Russian Proverb

This paper was originally published in the late 1990s on AuntMinnie.com.  A lot has happened since then and this paper has been modified to reflect those changes.  The blocking and tackling of diagnostic imaging center billing essentially remain the same however.  The key idea here is to be able to quickly and easily assess the key measures of billing to know if your billing entity, whether internal or outsourced, is doing a good job.  We’ll take out some of the mystery and, frankly, some of the bull, for you so you can see exactly what is going on. 

Some key metrics covered in the paper:

• Gross Collection Percentage
• Net Collection Percentage (or Adjusted Collection Percentage)
• Average Days in Accounts Receivable
• Bad Debt Recovered as a Percentage of Collection Write-Offs

Other issues covered are:

• Factors Affecting Collections
• How to Evaluate The Practice Billing Staff
• How to Evaluate the Billing Company
• How to Maximize Profit