Accounts Receivable denotes the money owed to a practice for medical services rendered by a physician. Any payments owed by payors and patients are taken as AR. The goal of every business is to see that it gets paid for services provided on time. 

Our accounts receivable management services will ensure that your AR outstandings are at the minimum and your cash flow is steady.

An increase in AR over some time indicates that copays and deductibles are not being collected upfront. If denials from payors are not attended to in time, it will result in AR build-up. And if the trend of increasing AR is not corrected in time, cash flow is bound to be affected.

AR management has to be done by a dedicated team. Such a focused team will ensure financial stability by maintaining positive cash flow. They will monitor the status of a claim and get overdue claims reimbursed by the payor. Outstanding accounts are kept to the minimum. There is a constant follow-up with payors and patients so that any missing data can be obtained fast and claims resubmitted. Our committed team carries out accounts receivable management services to the satisfaction of our clients.

We have designed all our accounts receivable management policies and practices for optimum efficiency so that all your claims are processed speedily and paid on time. Our denial management strategy is unique to a client and is based on your payor mix and outstanding AR. 

Our way of managing accounts receivable and AR follow-up is systematic and follows three steps

1. Step 1: Initial Evaluation

The accounts listed in the AR aging report are identified and analyzed. The client’s policies are studied to determine the claims that need to be adjusted off. 

2. Step 2: Analysis and Prioritizing

Claims which are marked as uncollectible are next identified. Also, claims that have not been paid up according to the provider’s contracted rate are identified.

3. Step 3: Collection

In this step, claims that can be filed within the filing time limit of payors are identified. These claims are resubmitted after checking all the data and its conformity with all medical billing regulations.

Claims that have exceeded the payors’ filing limit and the claims that appear to be underpaid/low-pay are next identified. The claims are appealed with the necessary supporting documents. The appeal procedure varies between payors and States. We study all the procedures and appeal accordingly.

By being systematic and effective, our accounts receivable management services are of top quality.

At US Medical Billing Services, we give the same attention to all accounts. We endeavor to get complete reimbursement for all claims. Our experienced team of experts is at your service and we can recover 97% of your bills, which have been lying unpaid for more than three months. Our healthcare accounts receivable management team will serve you by

• Shrinking your accounts receivables within two months
• Reducing the waiting time to get claims reimbursed through regular interaction with payors and patients
• Giving you updates on outstanding accounts and excellent customer service
• Rendering the best denial management services
• Rendering accounts receivable deductions management services
• Using the latest technology to upgrade processes
• Processing your demos/charges/payments within 12-24 hours of its receipt

The revenue cycle consists of several stages and each stage is important. When work is done accurately at every step, denials by payors are drastically reduced. As the adage goes, prevention is better than cure. US Medical Billing Services is one of the leading accounts receivable management companies. Our team will see that AR outstanding is kept to the minimum and your collections maximum.