Our Accounts Receivable Handle
Our Accounts Receivable Handle
Our staff consists of highly skilled professionals who specialize in accounts receivable (A/R) management services for healthcare companies in Dallas. Reputable organizations like the AAPC and AHIMA have accredited them. Our extensive experience-based methodology effectively optimizes revenue and reduces administrative workload. Our accounts receivable procedure includes:
- Patient Billing and Invoicing: After providing a service to your patient, we will prepare and dispatch bills and invoices on your behalf. The invoices provide comprehensive information about the services rendered, the date of service, the outstanding amount, and available payment methods.
- Insurance Claim Submissions: Once the patient has received the bill, we promptly send accurate claims to the relevant insurance carrier. The filed claims undergo an audit to verify the inclusion of all pertinent medical codes, specialty-specific modifiers, procedures, diagnosis, and treatment-related information. We also review any required attachments, including medical records, medical necessity documentation, and other supporting documents.
- Assertions Follow-up: We regularly contact the insurance providers after submitting the claims to ensure prompt handling and reimbursement. This entails monitoring the claims, detecting any problems or delays, and rectifying any mistakes or inconsistencies.
- Denials and Appeals Management: Occasionally, insurance companies may refuse to accept claims, either partly or completely. Upon the occurrence of this event, we engage in root-cause analysis to ascertain the underlying causes of the rejection and formulate a strategic appeal strategy to contest the judgment. This entails submitting further evidence, collaborating with the insurance provider to rectify any misconceptions, or initiating legal proceedings if deemed necessary.
- Collections: We pursue collections when patients are unable to settle their invoices or when insurance companies do not fully reimburse the cost of medical services. This includes dispatching overdue notifications, bargaining for payment arrangements with your patients, or collaborating with collection agencies to retrieve unpaid payments.
Streamlined Accounts Receivable Management Services For Healthcare Companies in Dallas
Eliminate outstanding debts and recover lost income. Allow us to assist you in simplifying your billing process, enhancing claim submissions, and optimizing collections to achieve maximum revenue growth.
Every healthcare business strives to minimize outstanding account receivables. For healthcare companies in Dallas, the accounts receivable management procedure is crucial for the efficient operation of a practice’s revenue cycle. Mistakes made at this stage are difficult to rectify because they place a burden on your current financial assets, require more labor, and can result in costly losses. There are generally two options to resolve this problem: either employ a staff of qualified coders, billers, and AR specialists internally, or outsource your accounts receivable management services to a Dallas-based service provider that can effectively handle your financial difficulties at a much lower cost.
Select The Area Of Specialization
We guarantee prompt and efficient payment of all claims. We employ the most effective methods in the industry and adhere to a well-established denial management system, specifically tailored to your payer mix and outstanding account receivables. We efficiently handle every demonstration, charge, and payment within a timeframe of 12 to 24 hours upon receipt. promptly sends clean claims to the insurance carriers and initiates follow-up contacts immediately. We consistently surpass industry norms in terms of accuracy and response time.
Our own cloud-based workflow management software, specifically designed for healthcare organizations to efficiently streamline their processes. By incorporating machine learning algorithms, advanced A/R metrics, and interactive dashboards, this tool enables you to effectively monitor and analyze each stage of the medical billing process. Additionally, it generates comprehensive analytical reports that facilitate the identification of potential areas for improvement and growth.
What Are The Reasons To Choose Us?
Cost savings represent a cost-efficient solution to mitigate the expenses associated with recruiting, educating, and maintaining a workforce within the organization. Furthermore, we provide accounts receivable management services for healthcare companies in Dallas that will help you negotiate more favorable prices with insurance providers, resulting in a higher income for your practice.
- Cost-effective Services: Select from a diverse selection of customizable pricing options that are budget-friendly.
- Enhanced Cash Flow: Enhance cash flow by decreasing the duration required for claim processing and payment collection. We expedite the reduction of your accounts receivables to within a maximum of 60 days and aim to decrease your outstanding A/R days to 5 or less. We provide a 97% retrieval rate for all outstanding invoices.
- Minimized Risk: Our established compliance methods guarantee that your processes adhere to all legislation and norms. This mitigates the likelihood of mistakes or fraudulent acts, thereby preventing expensive fines and penalties.
- Trends Analysis: We provide regular reports on the present condition of your accounts receivable (A/R) and offer comprehensive analyses of the existing trends to assist in identifying potential possibilities and channels for improvement.
- Ancillary Financial Services: We specifically designed our comprehensive range of revenue cycle services to reduce your exposure to financial risk. AAPC and AHIMA have accredited our coders, verifying their proficiency in CPT, HCPS, and ICD coding. We consistently keep them informed about the latest AMA and CMS rules.
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Staff Training: Our staff members get regular training to ensure they are well-informed on the most current billing rules and practices, enabling them to negotiate the complexity of the healthcare revenue cycle with ease.
Our staff has developed extensive knowledge and proficiency in a wide range of billing, electronic health record (EHR), and revenue cycle management (RCM) systems from years of working closely with different practices and billing offices. This expertise allows us to facilitate a seamless and efficient transfer process,
Each customer is assigned a professional project manager and accountability partner who will give individualized attention and serve as the exclusive point of contact. -
Outstanding Assistance: We prioritize every receivable, regardless of its magnitude or origin. Our staff consists of highly skilled and trained medical coders who have extensive experience. They are available 24/7 to provide prompt assistance and ensure quick response times. Feel free to contact them if you have any questions.
Are you frustrated with the perpetual administrative work, overlooked payments, and slow reimbursement process involved in managing the financial elements of your medical practice? We are here to aid you!
Our Exposure to EHR's
Discover the benefits and challenges of EHR adoption and learn best practices to optimize your use of this transformative technology.
