Medical Accounts Receivable Services

Healthcare accounts receivable services help clients manage funds owed to them from both patients and insurance companies. We understand that healthcare revenue cycle management involves billing patients, submitting claims to insurance companies, and ensuring timely payment. It involves complexities like coding diagnoses and procedures and mistakes in these processes can result in denials or delays in payments leading to substantial arrears in payments. By outsourcing these medical accounts receivable services, you can simplify the process and ensure that all services are billed accurately. Our advanced software omits guesswork by efficiently handling contractual adjustments and calculating patient medical billing. With our secure and regulatory-compliant software, you can be confident that patient data is protected. Partner with us to reduce your write-offs and days sales outstanding. Let experts take care of your A/R management while you focus on patient care.

WHAT WE PROVIDE

End-to-end Healthcare Accounts Receivable Services

Industries We Cater To

Medical billing & RCM companiesMedical billing companies
Healthcare providers Healthcare providers
Property managementProperty management
Insurance companiesInsurance companies
Collection agenciesCollection agencies

Why Choose Our Services in Medical Accounts Receivable Services?

To attain financial efficiency and revenue growth for your healthcare practice, partner with us today. The key indicators of our services include -

  • Integrated Electronic Health Records (EHR)

    We integrate various EHR systems with our services to ensure the seamless flow of patient data from clinical records to billing systems. This supports real-time eligibility verification, pre-authorization and accurate coding practices.

  • Advanced Predictive Analytics

    We utilize machine learning models and predictive analytics that forecast potential disruptions in cash flow and identify risky accounts receivables. This proactive strategy allows for timely interventions and adjustments to maintain a healthy cash flow.

  • AI-Based Automation for Claim Submission

    We use artificial intelligence to automate the claims submission process, reduce errors, and increase processing speed. Our algorithms adapt to denial management patterns, enabling continuous improvement in claims processing efficiency.

  • Blockchain for Secure Data Sharing

    We implement blockchain technology for secure and transparent sharing of medical records and billing information across providers and payers. This enhances data integrity and expedites the verification processes leading to faster claim approvals.

  • Cloud-Based Infrastructure

    Our cloud-based accounts receivable platform offers scalable and adaptive solutions tailored to your needs, ensuring high uptime and minimizing local IT maintenance demands. .

  • Real-Time Reporting Dashboards

    Our dashboards provide actionable intelligence from payer performance to individual claim status enabling effective management of receivables at a granular level.

Outsource Medical Accounts Receivable Services to Beep-tech

Outsourcing your medical accounts receivable services to us gives you an extra edge in this current competitive healthcare industry. Our proficiency in using advanced AR systems delivers accuracy and speed in claims processing and receivables management. Our globally recognized team tailors strategies for diverse healthcare sectors, ensuring optimal financial operations by addressing industry challenges such as delayed reimbursements and regulatory compliance, enhancing your cash flow and revenue cycle. Our offshore services provide seamless communication and real-time updates, delivering efficient remote management for your accounts receivable. Choose us to leverage the power of innovative, technology-driven solutions, and drive your practice towards financial excellence.

Streamlined Process Flow for Medical Accounts Receivable services

Our comprehensive process flow ensures seamless financial management. Each step is designed to effectively track, manage, and recover payments while maintaining clear communication with patients and insurers.

  • 01. Payment Posting

    We record the payments from patients and insurance companies ensuring all payments, adjustments, and denials are properly accounted for.

  • 02. Follow-Up

    We continuously track and monitor the submitted claims, ensuring they are processed by the insurance companies. We shortlist unpaid or denied claims and decide the course of action.

  • 03. Initiate Appeals

    An appeal is initiated, if a claim is denied by the insurance company. Before filing the appeal, we review the claim, correct the errors.

  • 04. Patient Follow-Ups

    We communicate with patients regarding their outstanding balances. We explain them their bills and discuss available payment options to settle their accounts.

  • 05. Collection Strategies

    We recover unpaid balances by sending reminder letters, making phone calls, and setting up payment plans.

  • 06. Reporting and Analysis

    Our reports assess the effectiveness of the accounts receivable process, analyze payment trends, and identify areas of improvement.

Software We Leverage

Kareo eClinicWorks AdvancedMD medisoft athenahealth

Additional Services You Can Benefit From

Medical Billing and Coding Services

Our services comply with ICD-10 and CPT coding guidelines. Our consistency in payer reimbursements streamlines your financial operations and reduces denial rates.

Healthcare Claims Adjudication Services

Beyond automated reviews, we also conduct manual checks of claims to flag potential duplications, discrepancies, or treatments that don't align with standard medical guidelines.

Medical Transcription Services

Our services extend the reach of your medical journals with our 99.9% accurate voice-to-text transcriptions, provided by medical experts with two decades of experience.

Medical Claims Processing Services

Our services accelerate the claims submission and reimbursement cycle. We ensure quicker turnarounds by minimizing delays and errors in the handling process.

EMR Services

We boost efficiency and help enhance the quality of care you provide by creating or optimizing your electronic healthcare records system.

Telehealth Services

Our consolidated services and expert-level insights help healthcare providers offer remote high-quality care from their doctors and physicians.

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