How Account Receivable Management Helps to Get Paid?

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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.

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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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