In long-term care, every dollar matters. Yet, aged claims---those stuck unpaid for 60, 90, or even 120+ days---are a silent drain on cash flow. For Skilled Nursing Facilities (SNFs) and Assisted Living Facilities (ALFs), aged claims represent more than delayed revenue; they threaten financial stability, limit reinvestment in care, and add pressure to already stretched revenue cycle departments. Effective revenue cycle management (RCM) is crucial for addressing these challenges in healthcare finances and optimizing patient billing processes.
The good news? With the right RCM processes and technology, aged claims don't have to be written off as losses---they can be transformed into revenue streams through optimized revenue cycle management and improved billing practices.
Despite best efforts, many facilities face a backlog of aged claims due to challenges in their RCM workflow:
Industry Data: According to the American Health Care Association (AHCA), claim denials in long-term care can average 10--15% of total claims, and up to 40% of denied claims are never reworked---representing pure lost revenue in the healthcare revenue cycle.
Every aged claim not only ties up cash but also compounds administrative costs in revenue cycle operations. Chasing old claims diverts staff from current billing cycles, creating a vicious loop of revenue leakage. For facilities operating on tight margins, these delays can mean deferred payroll, postponed vendor payments, or even reduced investment in resident care.
In other words, aged claims aren't just financial problems---they're operational roadblocks in the healthcare revenue cycle and patient financial experience.
Here's how successful facilities recover revenue from aged claims through effective revenue cycle management and healthcare billing strategies:
At LTCPro, we specialize in reviving aged claims and preventing new ones from piling up through comprehensive RCM services. Our approach combines billing software, proven RCM workflows, and specialized AR experts who know the nuances of long-term care billing and collections.
Result: Facilities working with LTCPro have reported a 30--50% reduction in accounts receivable days and a significant increase in recovered revenue from previously stagnant claims, improving overall healthcare revenue operations.
Aged claims are not lost causes---they're opportunities waiting to be unlocked in the healthcare revenue cycle. For SNFs and ALFs, the difference lies in whether they remain uncollected paperwork or get converted into cash that strengthens operations and supports better resident care.
With LTCPro as your partner, your backlog becomes a revenue stream, and your revenue cycle management turns from a challenge into a strategic advantage in healthcare revenue management.
A perfect fit for Skilled Nursing Facilities, Assisted Living Facilities, Home Health, Hospice and Other Day Care Centres.
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