Accounts Receivable Management
Trust Us - Improve Your Accounts
Receivable and Collections
Trust Us - Improve Your Accounts Receivable and Collections
Accounts Receivable Follow-up & Management
Managing steady cash flow and preventing revenue leakage are critical challenges faced by healthcare providers like any other businesses. This poses a bigger risk in the ever-evolving healthcare landscape, due to diminishing reimbursement rates, increasing denial rates, bad debts, unwanted write-offs and a disorganized collection process. Effective management of Accounts Receivable is of paramount importance to address issues such as aging accounts, reducing AR days, and managing claim denials.
RCM Workshop’s Accounts Receivable management services offer a truly dependable and methodical AR management solution, empowering healthcare providers to expedite revenue cycle and improve cash flow. We prioritize ensuring timely payment for services rendered, streamlining AR processes, and optimizing reimbursement.
Our Best Practices
Our Accounts Receivable team diligently prepares periodic reports on AR and reimbursements, covering weekly, monthly, and quarterly intervals. By thoroughly analysing these reports, we strategically identify the most effective approach to maximize reimbursement from payers. Our AR team aggressively pursue all unpaid claims till resolution by addressing aged accounts and minimizing claims aging buckets. Our AR team take care of generating patient bills and actively communicate with patients to collect outstanding payments. Our comprehensive AR service encompasses these following primary activities:
- AR analysis and categorization under various criteria
- Methodically tracking and monitoring of unpaid claims
- Continuously and proactively follow-up with payers
- Initiate claim actions – resubmission and filing appeals
- Clean up of old accounts receivables
- Regular reporting of AR based on performance metrics
Performance Measurement
Our analytics and performance measurement tools helps us keeping track of claims – paid or unpaid, reasons for denial or incorrect payments and status of accounts receivables. We provide you regular update on various metrics as defined in our service level agreement in a transparent way.
- Average Days in Accounts Receivable
- Percent of AR over 90 days / 120 days
- Net Collection Rate
Benefits
Our Value Propositions
Our AR services extend a multitude of benefits to your business fulfilling your revenue objective and ensuring financial health of your practice.
WHY US?
Why partner with us
Our proactive approach is focused on actively pursuing all aged claims to ensure prompt resolution and recovery, while also employing root cause analysis to proactively identify and address any potential challenges that may arise. Our unwavering commitment to minimizing write-offs and reducing AR days ensures that you can confidently rely on us to achieve optimal financial outcomes. We pride ourselves on delivering exceptional results, providing regular updates on our process performance and quality metrics through our partnership. Seize the Opportunity to Supercharge Your Revenue Cycle – Partner with Us Today for Outstanding Results!