Account Receivable Management (Insurance and Patient)
As health insurance claim submission and realization is a procedural one, your medical bills reimbursements take a while before being realized – piling up as Account Receivables for a considerable time. But leaving them unrealized beyond the admissible period (usually 45 days) will start to reflect on your revenue generation as well as bottom-line. Therefore, from physicians' sustenance and growth perspective, it is necessary that they have a dedicated monitoring on Account Receivables. But, like many of the Medical Billing Revenue Cycle Management components, Account Receivable Management too can be quite arduous for physicians whose primary concerns happens to be focused medical care.
As physicians start evaluating amongst the various possibilities in AR Management, our proven AR Management – comprising submitting error free clean-claims, proper analysis of denied claims and regular follow ups with insurance companies and patients for outstanding claims and dues – should suit their needs more appropriately. Our dedicated team of AR Management specialists ingeniously follow up all outstanding – both from insurance companies as well as patients – and recover them in the quickest possible turnaround time.
Adhering to the best practices in health care revenue management, our AR Management – evolved out of industry experience over the years – can expedite outstanding payments, resulting in appreciable increase to collection ration.
Our comprehensive approach addresses all aspects of AR Management, comprising:
Insurance Follow Up
where in your unpaid and underpaid claims are analyzed and promptly followed up with insurance companies for speedier realization. Every effort is made to substantiate your claims as genuine and worthy of being realized fully.
wherein, based on the reasons for denial, your denied claims are taken up for resubmission or appealing with the respective attorneys if the insurance companies concerned refuse to entertain the resubmission.
Patients Follow Up
wherein outstanding bills from patients are pursued through individualized tracking of patients' accounts.
Reconciliation of Credit Balance
wherein accumulated revenue is taken for audit to see that every account-related revenue is identified and not duplicated.
Resolving Accumulated and unresolved ARs
wherein files are taken up for possible redemption through strategic follow up with insurance companies.
Thus, with inherent capability of augmenting revenue generation, our comprehensive and streamlined AR Management can be of indispensible help when it comes to realizing your dues for dedicated medical care.