Revenue Cycle Management Account Receivables Follow Up

Why Choose Billed Right as your Account Receivables Follow Up Medical Billing Services Partner?
RCM SERVICES

Revenue Cycle Management Account Receivables Follow Up

Research shows that practices only collect 12% of their accounts receivable outstanding balances at the time of service.  Some practices have no idea how old their oldest AR is, but the reality is, it can run into years. Even worse, some AR may have been written off because there wasn’t time for anyone to follow up with payers or even patients for outstanding balances.

Maintaining your account receivables at an acceptable level is paramount for your continued success, regardless of the size of your practice. Once claims begin to exceed 30-45 days of non-payment, you run the risk of reducing cash flow as well as being denied payments.

Are you struggling to effectively collect on patient balances? Billed Right’s experienced AR team can help clean up your outstanding balances and get your cash flowing again! By outsourcing your revenue cycle management, which includes accounts receivable collection, you can save yourself a lot of time, money, and stress.

Revenue Cycle Management Patient AR Collection
OUR EXPERTISE

How do we do it?

  • We initially do a baseline assessment of where your AR stands.
  • We run necessary reports of those claims that require action to be taken and categorize them.
  • Each Insurance company has a payment TAT that is followed and monitored closely to ensure 100% timely reimbursement and monitoring of cash flow.
  • Our AR Rescue Team can work on your backlog of A/R claims as an initial phase of AR cleanup!
  • We add all follow-up notes on claims in your software to allow for full transparency of our work.

As part of your revenue cycle management, account receivable follow-up starts after payer reimbursement’s expected time is due. We consistently follow up with payers on accounts receivables using phone, email, and web tools to ensure you get your reimbursement in a timely manner.  Keeping your cash flowing.

Contact us today to learn more about how we can help you with your AR collections and revenue cycle management!

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