Account Receivable Management Services
“Increase Your Cash Flow with Our A/R Management Services”
We make sure you get payments on time, fewer delays and stable finances with our Account Receivable Management Services.
Why Account Receivable Management Services are important?
It is very important for any medical practice to keep track of payments but it is not easy. With complicated billing processes, it is easy to fall behind on following up with unpaid claims and miss the opportunities to cover lost revenue. That is why Account Receivable Management services are the best solutions.
Because in this service like ours we manage your AR which includes keeping track of every claim, following up for payments so you can spend your time on your practice care. We help you stay on top of overdue claims, prevent mistakes and make sure you get payments faster. Otherwise, unpaid claims pile up, payments slow down and your practice goes into financial issues. Also it distracts your team from the most important thing which is patient care
Features of Our AR Management Services
A/R Tracking Software
We give your practice a software which tracks your finances, where you get to know how much money the patient or insurance company owes, which one of them owes it and when they will send the payment. Everything in one place.
Active Follow Ups
We follow up unpaid claims regularly so the recovery of revenue is fast and smooth. There are no delays in payments which could result in financial instability for your practice.
Denial Resolution
We do not just manage claims, we solve them. Our team finds the root cause of denials and fix it on time and resubmit claims for faster payments.
Custom Solutions
Every practice is different and we understand that, that is why we provide custom solutions for each practice demands and unique needs.
Regular Updates
We share reports with you to know where your practice stands when it comes to financial aspects.
Results You Can Expect
Faster Payments
We make sure you get paid faster by keeping track of your claims and payments status and constant follow ups until due payments are cleared.
Stable Cash Flow
We recover your revenue from denied claims, patients remaining balances, and fixing any other error which could be blocking your revenue. In this way you get a steady cash flow which helps you grow your practice.
Reduced AR Aging
We reduce your AR aging by keeping track of your revenue and addressing overdue accounts properly and on time.
Lower Denial Rates
We analyse and fix all the errors which are causing denials and optimise the process to prevent future denials, in this way your denial rate becomes very low.
Increased Patient Satisfaction
We make sure there are no complexities and errors in the process, the patients get their treatment and payments are collected from their insurance companies properly. This makes the experience for your patients very smooth which leads to higher satisfaction with your practice.
Our Process
Review Your Accounts
We start the process by reviewing your outstanding accounts in detail to identify unpaid claims, overdue balance and any other issue that could be holding your cash flow.
Organize and Prioritize
We organize the accounts based on urgency and type so we can focus on what needs our attention first whether it is insurance claims or patient balances.
Follow Up
We then consistently follow up by reaching out to insurance companies and patients to make sure payments are made on time and there are no delays or other issues.
Resubmit Claims
If claims are denied, we find out what could be the issue and fix those errors and then resubmit them instantly. In this way we make sure no money is lost which you deserve.
Detailed Reports
We send detailed reports which are easy to read, in these reports we share the progress of your revenue, so you are constantly aware of financial standings.
Optimising Process
We identify the patterns of issues occurring in claims and after fixing them we recommend what you should improve to prevent these kinds of problems from occurring in future.
Why Choose Us?
Experienced Team
We have a team of 1,000 plus medical billing and AR management experts with years of experience. We know how to handle the most complex issues that you could be facing when it comes to your revenue growth.
Nationwide Availability
We provide our account receivable management services to medical practices across all 50 states. So when you are working with us, you will have a billing partner who knows local state rules and regulations.
Serving All Specialities
We are providing our AR Management services to all specialities. We have worked with 67 plus specialties till now which includes Family Medicine, Cardiology, Dermatology, and Podiatry. You can check out a list of those specialities here.
Dedicated AR Manager
We assign you an Account Receivable management expert manager to handle all your processes and provide personalized support. So if you need to ask anything they are available and have the updated information about your claims and revenue.
Compliance and Security
We are compliant 100% according to the regulatory standards like HIPAA. We keep your data completely safe and secure, it is only accessible to the manager we assign and any person you want from your team.
Contact Us Today!
Success Stories
Frequently Asked Questions (FAQs)
What Is Ar Management Service in Medical Billing?
AR Management is tracking, managing, and collecting due payments from insurance providers and patients to make sure stable cash flow is coming to medical practices.
How Do You Reduce Payment Delays?
We keep track of your payments and constant follow ups until payments are made, if there are any issues we resolve those issues and resubmit claims.
How Long Does It Take to See Results?
The results vary by practice, most clients who take our AR management services see significant improvements in their cash flow within 1 to 3 months.
Will I Be Able to Monitor My Ar Status in Real Time?
Yes, we provide you AR management software where you can track your practices AR status real time.
Do You Work with Small or Large Practices?
We work with practices of all sizes from single practice to multi city healthcare. We customize our services according required needs of your practice.
How Do I Get Started?
You can get a free consultation call to get started with Claims4medical’s Account Receivable Management services.
