Account Receivable Services
Our A/R Follow Up services are specifically tailored to help your practice collect more revenue. We initiate the AR follow-up process once the claims have been generated and submitted to the relevant insurance company.
LACK OF FOLLOW-UP CAN BE A HUGE LOSS!
Unfortunately, the majority of medical practices are not able to collect the full amount of their billed services. In fact, only 70% of claims are paid during their first submission, while the remaining 30% of claims are either denied, lost, or ignored. Additionally, out of the claims that are not paid, 60% are never resubmitted to payers. Even when payments are received, they may not align with the agreed-upon contract terms and may not be paid in full for the services rendered.
No More Delays in AR Follow-Ups
Our Proven Process for Managing A/R - See How We Do It!
- Identify and analyze the claims indicated on the A/R aging report.
- Prioritize the claims.
- Collect claims in time