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What are Your Pending Accounts Receivable – Do you have any Idea?

While clinics endeavor towards proficient and subjective therapy charging and coding to upgrade asserts first-pass rate and month-to-month assortments; on the other hand, guarantee refusals, dismissals, and low installments are inescapable. Many Practices lose a gigantic measure of income by not dealing with overlooking neglected cases. Any missed incomes can be procured by adjusting and engaging with the payer, the most common way of circling back to the dissents with an insurance agency until full repayment is called AR recuperation. Allow us to examine detail at how powerful AR follow-up can assist with recuperating installment in any event, for maturing claims.

AR Aging Report

AR aging report helps classify denials on the number of days the cash has been outstanding. The longer any claims are in the aging bucket, the chances of reimbursement lessen which emphasizes why AR recovery is important for your Medical practice. A strong Denial Management and AR Follow up team ensure they re-work the denials and keep a track of the appeal for reimbursement with regular follow-up until the cash is collected and the claim is processed successfully.

Tracking and Analyzing your Medical Billing Reports

Keeping a track of all your claims to analyze the paid, denied, or low paid, does not only help indicate a collection percentage but also helps pull out any claims that needs to be followed up by the Accounts Receivable team. Progress in Medical Billing is achieved by establishing an effective reassessing of reporting system, which also ensures to determine your practice’s revenue progression.

Objective Driven Goals to Improve your Financial System

Each Medical Practice as a business element has its objectives and measurements to be accomplished. Financial objectives are key gauges to keep the business fruitful and moderate. Zeroing in just on expanded patient visits or handling more cases a month on month doesn’t actually build your financial objectives, the main concern is accomplished when training guarantees the greatest assortments. To guarantee the highest receivable it is fundamental to guarantee each penny because your company earns from the insurance agency.

What Happens in AR Follow up

A powerful AR follow-up will follow all denied and underpaid cases and examine them in view of the write-off and adjustment procedure. The case which has not been paid according to the contracted rate is distinguished and followed up in view of the allure and convenience of documenting the cutoff of the payer.

Best Solution: Outsourcing AR Recovery

Outsourcing AR recovery is the best choice as an established Medical Billing Company has a proficient skilled and experienced team of AR follow-up team, who have expertise working with different payer carriers and know the issues faced by a provider to ensure the maximum collections with effective tracking, in-depth analytics, and flawless reporting.

Why chose Amromed

Amromed has over 15 years of experience providing Revenue Cycle Management (RCM) Solutions to Therapist and Medical Practice centers. With experience handling ABA specialty and expertise in major billing software, we can handle your Medical claims with the best outcome. With this service, we ensure every claim is followed up until your payment is received. At Amromed we consider AR recovery to be a prominent role prayer in RCM. With constant follow-ups and a strategic approach, we promise an increase in revenue and a huge reduction in Denial Percentage.

For further details about Amromed, pls. Call 909-907-0789 or log on to [email protected].

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