Backlogged Accounts Receivables
Accounts Receivables Management is an important piece of the revenue cycle. RMS medical billing experts and AR analysts team will submit error-free claims, and follow up denials and non-payments on behalf of your organization. We leverage time-tested best practices and proven processes to collect payments and reduce backlog. Our efforts results in more money being collected faster. We assist in reaching your Accounts Receivable (AR) goals lead by a team that understands your organization’s needs.
The right approach allows for identification and future correction of errors in the revenue cycle that previously created the backlog of accounts receivables.
An important issue overlooked by many practices is the length of time claims are outstanding before reimbursement is received.
Insurance agencies are aware that many medical providers lack the time, legal expertise and insurance experience to investigate the basis of claim denials. Numerous claims are turned over to a collections agency lacking the insurance experience necessary to effectively pursue medical appeals and adequate reimbursement.
We provide the action our clients need to stand financially secure. We will assist meeting, and surpassing, the expectations of today's health care industry through proper accounts receivables management
We establish payment arrangements and arrange for financing and/or promissory notes on indigent self-pay clients accounts. Disputed claims or balances from insurance carriers can be resolved. We lessen the burden on management and staff. This will protect the client’s business image, help in producing revenue, and assist in determining the next course of action.
We identify accounts that need to follow up with insurance companies
Our AR analysts research the claims denied by the carriers, rejections received from the clearinghouse, and low payments by the carriers
The AR follow up team is provided with the analyses claim information for follow up with the insurance company and determination of claim status
Depending on the input from the follow-up team, the AR analysts conduct an analysis and compile all claim details so that corrective action can be initiated for non-payment
Necessary action is planned and executed to collect the outstanding AR