RCM SERVICES
Revenue Cycle Management Patient AR Collection
Revenue cycle management is about the complete journey of the practice’s revenue, from verifying patient eligibility for the visit to collecting all outstanding balances. With more of the financial responsibility falling on the patient than ever before, collecting account receivables can be a challenge. Are the balances correct? How long do you let them go before you send them to collections? Or do you just write them off?
Accurate and timely payment posting can be one way to help in determining just where you stand with your AR balances. You don’t want to be trying to get payments for monies that have already been paid. That can cause mistrust and negative feelings from patients.
Collecting on
AR is time-consuming
and can involve uncomfortable conversations for both you and the patient. Training staff on how to communicate effectively with patients regarding financial responsibilities also takes time, as does following up over and over again trying to collect. Research shows that patient collections normally takes more than a month for 74 percent of healthcare providers. Billed Right can help. Our revenue cycle management service includes Accounts Receivable Management Services in Florida, collecting of outstanding balances sitting in your accounts receivable.
In addition to sending out up to three statements and following up, our team addresses all the inbound patient calls related to the patient account.
Billed Right works to help maximize your revenue, contact us today to learn how we can help you with your revenue cycle management!