Managing accounts receivable (AR) is one of the biggest challenges in medical billing. Delayed payments and claim denials can seriously impact a healthcare provider’s cash flow and operational efficiency. Fortunately, top accounts receivable management services have mastered effective strategies to tackle these challenges and boost collections. Here are six proven tactics these services use to improve collections and keep the revenue cycle running smoothly: 1. Ensuring Clean, Error-Free Claims The foundation of faster collections starts with submitting claims that are free of errors. Top AR teams invest in rigorous claim scrubbing, checking coding, patient information, and insurance details before submission, to reduce denials and rejections. 2. Implementing Consistent and Persistent Follow-Ups Persistence pays off. Leading AR services establish consistent follow-up routines on unpaid claims and balances. They use prioritized workflows, focusing first on high-dollar or long-outst...
We help physicians, medical specialties, and billing groups increase revenue with accurate coding, faster reimbursement, and fewer denials.