Here are the reasons why:

1. There are not enough physicians/providers to meet the current demand and many new insured people will be looking for care in 2014.
2. Filing insurance is not the only way anymore. Today you can choose from a number of direct-pay options that allow the practice to rely less (or not at all) on insurance payments.
3. Fractional Practice Administrators are available to assist new practices get started right and stay on the right track. Once you get started, an FPA may only be needed one hour a week.
4. Software is available at a low cost and sometimes even no cost. The cost of an EMR/EHR is no longer a barrier to the private physician, Physician Assistant (PA) or Nurse Practitioner (NP.)
5. Hiring remote employees means you can have your pick of qualified staff and often they are willing to work for less for the perk (and savings) of working at home.
6. Time-share offices are available and retail space, no longer the sign of a low-class practice, could fit you perfectly – good parking, good foot traffic, good signage. There is lots of business space to choose from almost in most communities.
7. Attaining a retiring physician’s practice does not need to be the costly proposition it used to be. Many retiring physicians are looking for someone to take responsibility for their charts and the phone calls.
8. Moonlighting physician jobs are plentiful and a good way to bolster income while the practice stabilizes.
9. Many large physician networks accept affiliated practices that can share in the negotiated contract rates for a fee.
10. Micropractices are a type of “popup” business. Physicians can choose to work without nurses and receptionists, further limiting their overhead by leasing space from another doctor or timeshare office.
11. Social media takes time, but little to no money. With a little guidance, you can do it yourself.

Account receivable specialist in Medical billing – tips

Building rapport with the Insurance Representatives

In an AR Follow-up, while calling the Insurance Company, we need to develop a certain level of professional relationship with the Insurance Representatives. This would help us find solutions for cases where the claims have been denied consistently for various reasons including Global Issues. In some instances, the representatives might even turn hostile and might not even reveal much of the required information, which could prove vital in proceeding further on the claims and we have to be very careful in handling situations like this.
The AR Representative should have strong interpersonal & communication skills and should be able to make the Insurance Representatives feel comfortable and also should make the call easy going. Any information, which could help us find the solution for an issue, should be obtained over the call.

For instance, after a few follow up on the pending claims and building viable working relationship with a particular insurance carrier, the representative was able to see that the team was working on legitimate claims that could be worked on. We were asked to send a fax with nearly 100 claims and the relevant information. The Insurance office worked on all the claims and reverted back with status information on fax.
Working on Underpaid Claims

The Patient’s Account including the Demographics, Claims & Payment’s history, Follow up Notes etc has to be analyzed thoroughly before making a call to the Insurance Company regarding the status of any pending claim. If the Insurance has already made a payment on a claim and if that payment’s found to be lower than the Contract Fee Schedule, then this issue needs a special attention, as collectively the balance on the claims which are underpaid constitute a significant portion of the Accounts Receivable and this portion can be definitely converted into Revenue. This task could be cumbersome or complex, but an AR Representative would achieve it, using his/her experience, knowledge, intelligence & skills. Our team also reverts back to the practice with changes in the billing guidelines – as in, revising billed amounts – to achieve maximum value on contracted payments.
When do we call patients?

•When there is no insurance coverage information found in the Demographics Section of the Patient’s Account.

•When the Insurance Company has denied a claim stating that the Patient is not eligible for coverage at the Time Of Service, where the Date Of Service could be prior to the effective date or after the termination date of patient’s insurance coverage.

•When there is a Patient Balance due in the Patient’s Account.

•When any personal info like Patient’s name, Social Security Number, Date of Birth, Address etc is found to be incorrect in the Patient’s Account.

Oracle Interview Questions Answers

Oracle Interview Questions provides you a wide range of questions that can be asked during a Interview. Application answers most commonly asked interview questions and has been categories for ease. 
This app is unique in that it helps you master the most commonly asked questions, instilling you with the confidence that you need to endure the most difficult of interviews. 

Features: 

1. 1000+ questions that prepare you for any type of interview on Oracle. 
2. Provide an option for user to practice his/her own answers as your application will present your with question. User can think of his answer then compare how his answer is different from our answer. 
3. Interview Questions has been categories for ease of use. 
4. The Application Covers a wide range of questions related to oracle. You may not be interested in all of them so please select the Categories in which you are interested. 

Categories: 

Application Cover questions from Following 22 broad Categories. 
1. Database Administration 
2. Oracle Database Architecture 
3. Database Security Oracle 
4. Oracle Distributed Processing 
5. Oracle Flexfield 
6. Oracle Memory Management 
7. Oracle Accounts Receivable (AR) 
8. Oracle Backup and Recovery 
9. Oracle Basic 
10. Oracle D2K 
11. Oracle Data Access 
12. Oracle Database (main) 
13. Oracle DBA 
14. Oracle Developer 
15. Oracle ETL 
16. Oracle General Ledger (GL) 
17. Oracle PL-SQL 
18. Oracle Programmatic Constructs 
19. Oracle Scenarios 
20. Oracle Security 
21. Oracle Technology Network (OTN) 
22. SQL Plus 



SAMPLE QUESTIONS 

Q. ) Explain When can hash cluster used? 
Ans: Hash clusters are useful in cases where : 
(i) There is a uniform, even and predictable no. of key values. 
(ii) Queries using equality predicates. 
(iii) The table is NOT growing constantly, and the keys are rarely updated. 

Q.) What Is the Difference between Formal Parameters and Actual Parameters? 
Ans : Formal parameter and actual parameter are two different terms related parameters used in the procedures and functions: 
A formal parameter is a term used to refer to a parameter defined in the procedure or function declaration statement. 
An actual parameter is a term used to refer to a parameter provided by the calling statement to a procedure or a function.

Standard Interview Questions for bookkeeping position with answers

It goes without saying that the job of a book keeper contains a lot of customer invoicing. In fact, customer invoicing is one of the most basic of a book keeper’s key responsibility areas. Therefore, when asked this question, you should clarify your comfort levels at customer invoicing. This is one of those basic questions that work in creating the path for the further questions. 

How does the customer invoicing relate to the accounts receivable?
This is another of the basic questions that are asked to a standard book keeper. Though even a layman can glib an answer to this one, only the well educated and qualified book keeper can give a stable and authentic answer to this question. So, make sure that you do your homework well before you opt for a bookmaker’s interview. 

What is an Asset? What is a Liability?
This is another question that aims at finding out whether you slept through your accountancy class or did you actually learn something. An asset and liability are terms that form the base of the world of accountancy. 

Briefly define a journal entry.
Again, this is a basic question that can be asked to a standard book keeper. These questions are generally aimed at finding out your knowledge and capabilities. Good news is that the answers to questions like this will be a reflex if you have actually paid attention in accountancy class and were serious in your studies. 

Experience and educational qualifications
The further questions for a standard book keeper will involve finding out about their experience in the profession. If the book keeper is a novice, his or her educational qualifications will be gone through and authenticated before the interview goes anywhere ahead. 

Overview of Accounts Receivable and Accounts Payable for Small Business

Accounts receivable and accounts payable, AP/AR in bean-counter jargon, is about business credit. Credit makes the business world go ‘round. The vast majority of businesses cannot get by as all-cash operations.

If you give credit to your customers, you have to track your accounts receivable, managing and collecting the money owed to your business by your customers. Having accounts receivable means you need to track invoices and credit notes issued to your customers and deduct payments they make. You also a need to make miscellaneous adjustments, such as interest charges on overdue accounts, chargebacks for NSF (not sufficient funds) checks, and so on.

Accounts payable, on the other hand, involves managing what your business owes to others. AP can mean all your short-term payment liabilities, including payroll and taxes, but we will focus on trade payables, normal business expenses such as raw materials, products for resale, and services.

While there are some similarities in processing AR and AP, there are also some significant differences. Both should be recorded and paid when due, but AR usually relies on more complex procedures, particularly in the area of monitoring credit and collecting overdue receivables.

How sophisticated your credit-granting, monitoring, and collections procedures need to be will vary significantly depending on your business. As a rule of thumb, if you have many smaller customers, top-notch automated procedures in collections can be essential to efficient AR management; otherwise you'll spend too much time and effort on getting paid, or else you won't get paid promptly enough. On the other hand, if you sell to only a few larger customers, it may not be important to have automated processes. You may not need to perform much collection follow-up, other than a phone call or two to chase a slow payment.

If your business is involved in importing or exporting, you may need to be able to deal with foreign currencies to properly track AR and AP. Not all systems offer foreign currency support, and those that do rely on varying procedures for calculating foreign currency gains and losses on translation. In these cases, you’ll want to make sure your accountant approves of the method of foreign currency translation calculation in the accounting system you use.

Accounts receivable officer sample cover letter

I am writing to apply for the position of Accounts Receivable Officer, as advertised on SEEK.com.au. 

I have over eight years of professional accounting experience, with specialisation in accounts receivable. I have experience in all aspects of accounts receivable, as well as general accounting knowledge and expertise. I also keep up-to-date with relevant tax and superannuation legislation. 

Being an energetic person and quick learner, I thrive in busy and challenging environments. I work to tight deadlines and am renowned in my office for my accuracy and ability to resolve reconciliation discrepancies. I have made a number of recommendations to improve our existing system that have helped to make our processes smoother and more efficient. 

I have a solid education in accounting, with a Bachelor of Accounting as well as a Certificate IV in Financial Services (Accounting). I am also adept in essential computer software, including MYOB, Excel, Word and Quickbooks. 

In addition to my varied and extensive accounting experience, I pride myself on my strong work ethic and attention to detail – qualities which I demonstrated during my time at Effervescence Industries, where I was commended and rewarded for my diligence and discovery of misappropriated funds. 

I am therefore keen to make a contribution and apply my skills, while building on my experience and learning and growing with the team. 

My resume is attached and I look forward to being able to discuss the position with you further.

Fifteen Questions to Ask at a Job Interview

What makes a job interview question “good”? A good job interview question gives you the specific information about a job applicant that you need to make a sound hiring decision and helps you gaininsight into how the candidate’s mind and emotions work.

Develop a list of questions designed to elicit responses that will be most helpful in evaluating a candidate's suitability for your position and organization. These questions can get you started:

• Can you tell me a little about yourself? A confident applicant can give a brief summary of his or her strengths, significant achievements, and career goals.
• What interests you about this job, and what skills and strengths can you bring to it? Stronger candidates should be able to correlate their skills with specific job requirements.
• Can you tell me a little about your current job? Strong candidates should be able to give you a short and precise summary of duties and responsibilities.
• In a way that anyone could understand, can you describe a professional success you are proud of? The answer shows the applicant’s ability to explain what he or she does clearly.
• How have you changed the nature of your current job? A convincing answer here shows adaptability and a willingness to “take the bull by the horns,” if necessary.
• What was the most difficult decision you ever had to make on the job? The answer to this question tells you the person’s decision-making style and how it fits into your company culture.
• Why did you decide to pursue a new job? This question is just a different way of asking, “What are you looking for in a job?”
• Why did you leave your last job, and what have you been doing since then? It isn’t really unusual for highly competent people to find themselves unemployed through no fault of their own. Try to get specific, factual answers that you can verify later.
• Who was your best boss ever and why? Who was the worst, and looking back, what could you have done to make that relationship better? These answers give you insight into how the candidate views and responds to supervision.
• Which do you enjoy the most: working alone with information or working with other people?An excellent candidate might say the different perspectives within a group produce moreinnovative ideas than one person working alone can, but without information, a team can’t get very far.
• What sort of things do you think your current (past) company could do to be more successful? You’re probing to find out whether the candidate has a clear understanding of his or her current or past employer’s missions and goals and whether he or she thinks in terms of those goals.
• Can you describe a typical day at work in your last job? See how the applicant’s current (or most recent) routine compares with the requirements of the job in question.
• What sort of work environment do you prefer? What brings out your best performance?Probe for specifics. You want to find out whether this person is going to fit into your company.
• How do you handle conflict? Can you give me an example of how you handled a workplace conflict in the past? You want candidates who try to be reasonable but nonetheless stand up for what’s right.
• How would you respond if you were put in a situation you felt presented a conflict of interest or was unethical? Have you ever had this experience in previous positions? No rational candidate today is going to say that sometimes it’s okay to be unethical. But how individuals approach this question can offer valuable insights.