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How Account Receivable Management Helps to Get Paid?
Instructions Accounts receivable management is one of the biggest challenges in the healthcare industry. Improving and optimizing accounts receivable processes provides many benefits to every practice. Streamlined accounts receivable processes make a positive impact on revenue cycle operations. Here we discuss how Account receivable management helps you to get paid.
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Account Receivable Management for Fast Claim Reimbursement
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For faster claim reimbursement, account receivable management includes the following processes such as
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Account Receivable Follow up/ Insurance Receivable follow up
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Denial management
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Patient follow up
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Reports
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Account Receivable Follow up / Insurance Receivable follow up
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In AR follows up, initially, the team checks the provider’s policy to find claims that need to be adjusted off.
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After that, the team ensures which claims are collectible and uncollectible.
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Then the claims are submitted/resubmitted to the insurance payer.
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Submitted claims are then monitored across 30 days bucket by AR follow up team.
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If the claim is an underpayment, then the team has to take all necessary actions with the insurance company to recover payment.
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AR follows up team is responsible to maximize the practice revenue. www.ecareindia.com
Denial Management Denial Management team finds denied claims by making calls instead of waiting for the denial status code report. They also check the medical coding to identify claims rejection reasons. Based on the denial reasons, corrected claims are resubmitted without any delay. AR team follows-up the claims until it gets paid.
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Patient Follow UP
ďƒ˜ The patient follows up is carried to collect the missing demographic and insurance information and to discuss their outstanding collectibles. ďƒ˜ AR follow up team always tracks the patient bills and follows up with each patient until payment is received.
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Reports
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Account Receivable Management team generates the following report.
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Accounts Receivable Aging report
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Key Performance Indicators report
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Top Carrier/Insurance Analysis report
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These reports provide a complete picture of the practice’s financial health, complete claim collection cycles, and information about the accounts receivable settlement, etc. www.ecareindia.com
Why choose e-care? e-care is an exceptional Account Receivable Management company. We provide reliable Account Receivable Management, medical billing and coding services for Medical billing companies, practices and healthcare facilities, etc. We also provide charge entry services, payment posting services, revenue cycle management services, etc. By outsourcing your medical billing with us, you will get the following benefits. 8
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Improves cash flow
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Minimize medical billing and coding errors
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Processes medical claims faster
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Improves Collection rates
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Saves operational cost
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Improves your business rating etc.
Want to know more about our services and the benefits of medical billing outsourcing? Log on to our website: www.ecareindia.com 9
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Contact Us Call Us: 813-666-0028 Website: www.ecareindia.com Mail us: info@ecareindia.com
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