Accounts Receivable (AR)
Why is A/R Follow-up Crucial in Medical Billing
Accounts receivable stands as the most substantial and crucial asset for healthcare providers. Our objective is to expedite the recovery of owed funds by consistently identifying and improving processes. We strive to enhance efficiencies at every stage of Healthcare RCM, aligning with industry standards.
Our Detailed Accounts
Receivable Procedure
1
Claims Filing
Submit Claims to the Correct Insurance Provider
2
Tracking Status
Monitor Claims Status with Insurance Provider Follow-up
3
Identifying Denial Causes
Examine and Address Denied Claims by Identifying the Root Cause
4
Following Up Providers
Reach out to Insurance Providers or Patients for Additional Information
5
Refiling Claims
Reprocess the Corrected Claims with the Insurance Carrier
6
Final Payment
Track the Status of Refiled Claims Until Payment is Received
Why Supra Mediinformatics
- Shorten the average AR days to under 45 days
- Decrease AR over 60 days to below 10% of total AR
- Enhance collections to a higher level
- Ensure error-free claims processing
- Optimize collections for faster cash flow
- Cut down administrative costs
- Attain efficiencies beyond in-house billing processes
- Benefit from expert revenue cycle specialists
We Help You Reduce Bad Debt and Improve Cash Flow
Scrutinize all ars
Examine accounts receivable balances, segregate collectible and non-collectible amounts, facilitating the billing of co-insurance/deductible amounts to payers.
Analysis of billing & denials
Outsourcing your accounts receivable services to us ensures a thorough analysis of billing operations, enabling the correction and prevention of issues that may result in claim denials or incorrect payments.
Root cause analysis
Comprehensive examination of accounts to devise an appropriate action plan. Identification and analysis of patterns in codes, procedures, or any operational issues.
Organization’s AR Health
Conduct a comprehensive health check-up of your organization’s A/R aging report by reviewing the provider’s adjustment policy and identifying claims that require immediate adjustments.
Timely filing
Identify claims falling below carrier filing limits and those not paid according to the contract terms. Resubmit all such claims with the required documents.
AR Software Experience
Our Latest Blogs
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