“Enriching Healthcare service providers around the nation
for over 20 years.”
Aged Accounts Receivable Clean-up Process
The AR aging report indicates how long insurance claims and payments by patients have been lying unpaid. It is represented as a percentage over 120 days. The lower the percentage, the better the financial health of the practice. By glancing at the report, a well-experienced biller can tell whether a practice is doing well or not.
We have the experience and expertise to carry out an effective accounts receivable clean-up.
(a) ‘Days in accounts receivable’ means the average number of days it takes to collect the payments (from patient or payor) that is due to the practice.
To compute the days in AR
- Calculate the average daily charges for the past, say, four months. To arrive at this figure, add up the charges posted for the last four months and divide that by the total number of days in those four months.
- Divide the total accounts receivable by the average daily charges. You will arrive at the Days in Accounts Receivable.
The days in AR can be computed for payments due from payors and patients separately. In respect of payors, the results can be generated payor wise.
(b) Accounts receivable are classified into ‘aging buckets,’ for example, 0-30 days, 31-60 days, 61-90 days, 91-120 days, etc. Different software may adopt different aging buckets. Each aging bucket will be a percentage of the total AR.
Our team of billers will make a thorough study of your accounts receivable situation and take action according to the category of the AR and its age to ensure a successful accounts receivable clean-up.
Accounts receivable basically falls into two streams: (i) AR from patients and (ii) AR from payors. Where patients are concerned, we follow-up with them to get your dues. We go by the policies laid down by our clients where patient dues are concerned.
Where payors are concerned, we will appeal with supporting documents and follow-up aggressively. We will use your practice management software without disturbing your work-flow. Our team will ensure that you can get the revenue that you had mentally written off.
By partnering with us, you get the following benefits
- No Set Up Fees
- We cover all specialties
- We have flexible pricing models
- Your cash flow is increased
- Dedicated team of expert billers
Our company has over 20 years of experience in the healthcare industry. We have observed and understand how insurance companies adjudicate claims. Our accounts receivable clean-up strategy is, therefore, payor specific. As your AR outstanding has been categorized age-wise and payor wise, we can plan our follow-up with payors. We will be in constant touch with patients, providers and payors to prepare a complete claim for resubmission or appeal with additional documents. Our committed team will do a relentless follow-up to get your old AR paid up and your cash flow increased.
SERVICES
Our Aged AR Clean-up Services
We manage to have a slight lead over our contemporaries by empowering our clients with the following services.
Follow-up
Our committed team of billers will aggressively follow-up with payors to get the old accounts receivables paid up.
Re-bill
If our team finds that a claim has not been paid or partially paid, we will ensure that action is taken to re-bill the claim.
Regular Account Review
A necessary process we do is to carry out regular reviews of the AR for any stagnant cases to take action.
BENEFITS
The Benefits Of Our Medical Billing Services
Superior Quality of Service
Lesser Turnaround Time
Cost Effective Pricing
Minimum Rejections
Dedicated Account Management
Effective Processes
Use Of Latest Technology
Uninterrupted Cash Flow
Why Choose us?
We ensure that the billing process is smooth, efficient and result-oriented for our clients. We are invested in the success of our clients. Our clientele includes several top healthcare providers in the USA. Reach out to us and become part of the family of happy and satisfied clients.
