Boost Cash Flow by Tracking DSO
Caleb Dixon, RemitDATA
The ANSI 835 remittance notice is simply the electronic version of the paper EOB. This data file created by your insurance carrier provides billing systems an electronic way to auto-post payments. With the proper tools, you can glean massive amounts of decision support data to help you better manage your denials, improve your business office efficiency, and accelerate your cash flow.
Tracking DSO is crucial to ensuring your claims are being paid in a timely fashion. Popular drill-downs include viewing by HCPC, denial reason, location, or biller. Whatever your preference, the ability to track and trend your DSO over time is fueled by the 835. We’ve processed MILLIONS of these files and will provide you a suite of tools to assist you in running a successful Infusion business.