A/R ANALYSIS & FOLLOW-UP
MINIMIZE A/ R DAYS AND INCREASE ANNUAL REVENUE
SIGNIFICANT AR ANALYSIS AND FOLLOW-UP PROCESSES.
Of the plethora of things that top the agenda of a healthcare provider running behind payments due and clearing blocks in the payment pipeline, is a pain that every clinic, hospital or physician group would love to avoid.
Accounts Receivables at a hospital/ nursing home was purely a departmental activity until sometime ago. New and evolving payer plans, co-insurance agreements, patient co-pays, and the increase in patients with a high deductible health plan has exceedingly complicated the nature of AR.
It demands the healthcare provider to revamp and re-strategize their revenue cycle management. The process is now complex requiring the skill of specialists and trained professionals who have diligence, analytical skills and patience.
As the adage goes “A Penny saved is a Penny earned”
Dealing with over a 1000 patients per day each insurer with a different insurance, plan, along with the consistent updates and guidelines provided by the insurance companies, following up on the patient’s claim becomes tedious and eventful for a Hospital.
Well, if the importance of the issue doesn’t hit you well-enough, take a look at what the Accounts Receivables analysis and follow-up service can do for the healthcare provider:
- 15% OVERALL INCREASE IN ANNUAL REVENUE
- MINIMIZE ACCOUNTS RECEIVABLE DAYS
- ACCELERATE CASH FLOW
- REDUCES OVERHEADS 30-40% BELOW OPERATIONAL COSTS
HOW WE HANDLE AR ANALYSIS AND FOLLOW-UP?
We do a scrupulous Study
An in-depth research on the accounts to determine the right follow-up strategy. Understanding the size and scale of your receivables and the risk- exposure.
We prime for the Process
A thorough eligibility check, claim scrub and continuous analysis for patterns on global problems, procedures and codes.
We stay on top of Quality
Readily available reports, quality assessment, technical support and special assistance during crisis.
COMPLIANCE / AFFILIATIONS
We Respect Rules & Regulations
Compliance to HIPAA regulation
Robust quality system with stringent controls at highest standards of data security.