Patient Accounts Managers' Role Comes into Focus

As hospitals start to view their accounts receivable as an idle asset, the role of patient accounts managers may become increasingly important. A 1991 survey of patient accounts managers indicates that there has been a 25% increase in their average salary since 1988, bringing compensation to about $...

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Bibliographic Details
Published in:Healthcare financial management 1991-04, Vol.45 (4), p.60
Main Authors: Pellar, J Robert, MacFarlane, William A
Format: Article
Language:English
Subjects:
Accounts receivable
Characteristics
Compensation
Education
Hospitals
Patients
Polls & surveys
Professionals
Responsibilities
Statistical data
Trends
Wages & salaries
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Summary:As hospitals start to view their accounts receivable as an idle asset, the role of patient accounts managers may become increasingly important. A 1991 survey of patient accounts managers indicates that there has been a 25% increase in their average salary since 1988, bringing compensation to about $42,000. The responsibilities of patient accounts managers have remained much the same, but there is increased emphasis on the basics of receivables management, billing, and collection. Most patient accounts managers aspire to higher positions within health care finance and management. While most aspirants are well qualified in terms of education, they may require professional certification before they are able to advance. The survey reveals that patient accounts managers are making a good effort to keep up with changes taking place in the industry.
ISSN:0735-0732