Account Receivables
Account Receivables (AR) in Medical Billing and Coding are defined
as amounts due and expected to be collected by Medical billing / provider
office for the services provided to individuals. In Medical Billing Business
receivables are handled by Account Receivables (AR) Department.
For healthcare providers and hospitals, the process of filing and following up
on insurance claims is critical, especially in light of the trends of falling
rate of reimbursement, increasing patient deductibles and rising operating
costs. Accounts Receivable (AR) management is a dedicated process where in
unwanted account aging, escalating number of AR days and denials can be
checked. HC Intellect is among the leading Healthcare BPO companies, and we
provide reliable and systematic Accounts Receivable Management Outsourcing
Services for Medical and Healthcare providers to enable your business to
shorten the revenue cycle and improve your cash flow.
By capitalizing on our qualified professionals and streamlined, secure and
cost-effective processes, your healthcare business will be able to collect
insurance and payment reimbursements in a more efficient manner. Outsourcing
medical AR management will also enable your business' employees to focus on
mission-critical work and provide the best possible care and attention to
patients.
Denial
Management
Our well-trained medical billing and accounts receivable
executives are quick to spot any errors in the rejected claim, to ensure that
it gets re-filed and the denial can be appealed without any delay. Data sources
will be reviewed, medical coding will be checked and any systematic and
repetitive problems will be identified.
Our Denial Analysts will co-ordinate with your team to request for any further
information, if required. If the patient is responsible for the denied claim,
then the claim is billed to him or her.
After submission of the medical claims to the insurance
payer, our accounts receivable team will keep track of all claims that cross
the 30-day bucket and take action to pursue these. In case of under-payment of
claims, we take all necessary steps with the insurance company to ensure
accurate processing and payment recovery.
Through phone calls, we follow up with the patients to
pursue any outstanding balance that is still pending after processing of the
claim. The tenets of good customer service are followed to avoid creating any
discontent. If the patient does not respond to the follow-up communication, the
balance is moved to collections. We generate a report for it and send it to
your team for further action.
Reports
Through our detailed reporting package, which includes insurance aging reports, your business will have complete visibility about its financial health and the length of the accounts receivable settlement and claim collection cycles.
RCM Services
IT Services
Company formation
Design & Developed by Sanvirs Technosolutions|All rights reserved.