Accounts Receivable Management Services
Through our AR Management services, you are able to speed up your cash flow, reduce outstanding claims, and increase collections. The most important and often ignored aspect of a healthcare organization’s revenue cycle is accounts receivable (AR) management, as we at InnovaRCM are aware. Claims that are not paid on time can significantly affect your cash flow, cause operational difficulties, and put administrative strain on you. For this reason, our accounts receivable management services are made to help you collect money more quickly and keep your practice financially stable.
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Our AR Services Include
At InnovaRCM, our expert billers for accounts receivable services help you maintain a consistent workflow, aiding you to stay confident by keeping you in your comfort zone. From the start of the process to the final step, we solve claim issues and confirm accuracy and efficiency. Whether you are a solo practitioner or a hospital, we can customize our services to fit your needs.
A/R Follow-Up
We actively pursue all outstanding claims, both patient and insurance balances, with intentional timelines per payer policy and aging buckets.
Claim Status Checks
Through our credentialing solutions, we regularly track claim statuses and catch potential issues before they result in denial or write-off. We call payers directly to obtain definitive answers and advance claims.
Insurance & Patient Collections
We collect patient and payer accounts professionally and in compliance. Proper communication, timely notices, and flexible follow-ups are ensured by our professional staff to reach effective collection.
Denial Resolution
Denied claims need not be final. In our denial management solutions, we examine the underlying causes, correct errors, and re-file appeals promptly to recover payment and reduce future denials.
Aging Report Analysis
We scrutinize periodic aging reports for troubling trends and high-dollar claim prioritization. We create customized strategies to overcome backlogs and optimize AR performance.
Benefits of Our Accounts Receivable Management Services
Medical billing services at InnovaRCM provide a helping hand to medical professionals, receiving payments from patients and insurance firms. With a billing team at InnovarCM, who manages coding, claim submissions, follow-ups, and the processing of payments, we make sure that everything runs smoothly.
AR Cleanup Projects and Backlog Resolution
InnovaRCM can assist if your practice is having trouble resolving old, unpaid claims or is behind on AR follow-ups. Our AR cleanup services are intended to lower old accounts, resolve inherited billing issues, and retrieve unpaid funds. We’ll determine what can be collected, follow up with payers, and clear off old or uncollectible claims, whether you’re moving from one billing company to another or just need assistance catching up.
Partner With InnovaRCM for AR Management
Don’t let aging claims hold up your earnings. Regain control over your billing cycle by partnering with InnovaRCM for expert accounts receivable management services. We handle the difficult tasks so you can focus on developing your practice and caring for patients.
Get a free AR performance review by giving us a call, and start streamlining your collections right away.