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Petersburg Medical Center to bring medical billing in-house, aims to reduce accounts-receivable days
Summary
Hospital leadership told trustees it will end outsourced billing and staff an in-house/best-practice hybrid to accelerate collections and reduce accounts-receivable days, with billing operations to begin in March.
Hospital administration reported to the board that Petersburg Medical Center will discontinue its outsourced billing contract and bring medical billing operations in-house, with a staged start in February and a target to cease the external contract by March 1.
Finance staff said the hospital gave notice to the billing vendor in December, has hired staff and begun training, and expects new in-house…
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