Which action should be prioritized when dealing with aged A/R?

Prioritizing daily follow-ups on overdue claims is a crucial step in effectively managing aged accounts receivable (A/R). Consistent follow-up allows for the identification of issues that may be delaying payment, such as discrepancies in billing, unresolved claims, or other administrative errors. By staying proactive and engaging with insurers or patients regarding overdue accounts, you can increase the likelihood of receiving payments and reduce the overall aging of the receivables.

This approach not only helps to maintain cash flow but also emphasizes accountability in the collection process. Furthermore, regular follow-ups can establish better communication with payers or patients, potentially leading to quicker resolutions, improved relationships, and more timely payments. Hence, focusing on daily follow-ups directly addresses the issue of aged A/R and is the most effective strategy in this context.