Now It's Time to Collect all your Past Dues with AR Follow up
AR follow up service is one reliable solution that can help physicians and hospitals improve their collections. Various healthcare industry changes and amendments in trend have impacted reimbursement for medical practices. Therefore, it is vital for the medical practices to improve the revenue cycle management and now it’s time to collect all your past dues with AR follow up. How is it possible?
Accurate, professional and timely billing must be followed by serious AR follow up and the collection work where you need to hire dedicated professionals (medical billers and coders from reputed company) who have hands on experience and knowledge to use the technology and simplify the process of collections.
Collecting past dues is a challenge:
To achieve optimum functioning of the revenue process, a good practice management system that matches the practice needs is critical because collecting past dues is a challenge. There should be few professionals who should have thorough knowledge about the system functionality. They should be able to use the account receivables report from the practice management system.
It’s also important to understand that clinic or hospital staff have many pressing duties due to which AR follow up is often taken for granted and one may encounter overwhelming and stuffed EOB checks in the cabinet. Thus, one may lose a lot of dollars if follow up is not done accurately, as its profit to the insurance company.
Collecting past dues becomes easier with AR management services:
The billing professionals will track and follow each claim meticulously, do AR analysis, send follow up mail, notices and even make calls. They will follow up with the payers, patients, Worker’s Compensation Board, insurance carriers, TPA’s, etc. and get full and fast reimbursements and the status of collections can be seen online through the reports.
The medical coding and billing professionals run reports on outstanding claims and start working on them immediately. Even if the accounts are 120 days past due, they make sure to work on them efficiently by doing the following:
- Properly lay out the process for sending emails, notices and making phone calls
- Use software to track and follow up to support the process
- Sign up with each insurance company to make appeals online quickly and check claim status
There is a lot more involved in recovering past dues account with proper AR follow up. This starts with the front desk and continues with the final resolution of the claim. Working on each aspect can improve collections big time and give complete peace of mind too.
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