Accounts receivables from HMOs rose 26% during the third quarter.
That's according to the latest hospital survey by Zimmerman and Associates, based in Hales Corners, Wis.
The company reported that HMO accounts receivables now make up 15.9% of hospitals' total receivables, compared with 12.6% in the second quarter of 1994. Ironically, only 38% of hospitals said they had information systems equipped to handle managed-care accounts, Zimmerman reported.
In general, hospital business offices saw a turn for the better as gross days of revenues outstanding dropped to 66 in the third quarter, down from 66.8 in the second quarter.
However, uncollectibles as a percentage of revenues rose to 5.1%, compared with 4.7% in the second quarter.
In addition, the percentage of receivables that are 90 days overdue rose to 29% of the total, compared with 27.5% in the previous quarter, Zimmerman said.
Not surprisingly, hospitals see their managed-care business accelerating. Some 44% of the 200 survey respondents said they believe managed-care revenues will increase between 10% and 25% within the next two years. Another 25% said managed care will increase 26% to 50%. More than 12% said managed-care business will grow by over 50% in the next two years. Only 17% said managed care will increase by less than 10% at their hospitals.