Healthcare providers often face challenges while managing their accounts receivable (A/R) because of denied claims and delayed payments from the payor companies. These problems bother practitioners more because of highly strict healthcare regulations. These facts increase the administrative burden for providers and dilute their focus on patients and their practice. Improving the management of A/R processes is imperative to fix these issues effectively. By this, providers can escalate revenue and growth.
Outsourcing your A/R Management Services to PMBS empowers you to tackle receivables effectively, leading to improved collections and streamlined processes per your needs. We offer customized medical billing services that will be easy on your pockets. By making your trust in our accounts receivable, healthcare providers benefit from our expertise in resolving issues promptly and proactively, ultimately gaining financial stability and operational efficiency.
The core steps we follow while providing accounts receivable services include:
Accounts Receivables (AR) management occupies all the areas of medical practice. The techniques that are required for managing a healthcare provider’s accounts, we have that knowledge in plenty.
The A/R management techniques and
Denied claims can increase A/R days and reduce your practice’s revenue. It is essential to resolve denials instantly and adopt strategies to prevent them.
Clear and consistent communication with patients about their bills and payment options can significantly improve A/R collection.
Reviewing A/R reports every week or at least once a month is essential. It helps identify billing errors and issues and informs you of the latest trends and strategies.
We evaluate uncollectable A/R regularly and writeoff bad debt to maintain accurate financial records.
We have a dedicated team of medical billers who constantly remain engage with claims follow-up procedure, it is easy for us to handle your over-due payments with our constant coordination and smooth billing with the payor companies.
30 N Gould St, Sheridan, WY 82801, USA
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