How aware are you of your outstanding debtors?

You must regularly look at the Debtors Balances Summary, and of course chase up the outstanding debtors. We recently found several practices who were not doing this and as a result they had to write off thousands of dollars due to the fact that Medicare will not payout on services over 2 years old. If these debtors had been followed up in a timely manner this would not have been the case. Please call us if we can be of any assistance in this area.