Accounts Receivable (AR) Management

DENIAL MANAGEMENT

While posting installments from EOBs/ERAs; all dissents are settled and the legitimate move is made utilizing the remark codes set of rules on the EOBs/ERAs. This helps a great deal to limit the accounts receivable in the healthcare industry to a maximum extent. Our specialists are vigilant and experienced to efficiently work on denial resolutions that truly help define astounding medical billing services for our customers.

PROTECTION INVESTIGATION

The major bit of AR is because of unattended claims which have not been responded to by the insurance company. Our representatives take extraordinary care of such claims right after the installment cycle starts. This enables us to discover the real reason at the right time for quicker repayment of pending claims.

AR analyst process in medical billing is to keep a check on receivables to ensure that they remain in control. Because as a medical billing outsourcing company, we must maximize collections.

APPEALS MANAGEMENT

Claims which offer less repayment, denials of authorization, medical necessities, and record details and so forth, are sent to appeals division for making the ideal statement leaving no possibility for insurance companies to deny payments. A medical billing company in Ontario, CA does that to inspire an improved financial flow for clinicians.

PATIENTS DECLARATION

Claims which allow balances to be exchanged towards the patient responsibilities after insurance arbitrations; We dispense the ledger balances rightfully to patients and deliver the declarations every month. If the balance is unpaid, we send letters requesting collection of payments to patients as necessary.

PATIENT CALLS

If patient statements are unpaid in a month, in the wake of sending collection letters, our team initiates reminding them about their remaining balances with the particular practice or provider. P3Care’s team investigates every possibility to collect the conceivable repayments for our clients and go the extra mile to make that happen.

ACCOUNTING FOR MEDICAL BILLING

Accounts payable and receivable in the medical office forms the basis of accounting for medical billing. By applying this process in order, doctors are given a break from their financial obligations. As a healthcare practitioner, your first and foremost duty is with your patient. Our purpose is to connect you back with your patients. While assisting you with medical charts, we make use of electronic health records to ask for payments across Medicare, Medicaid, private payers, and patients.

Need proactive AR management for your practice resulting in high collection rates? P3 knows the right way.

(844) 557-3227

Steps in AR Management

Medical billing accounts receivable (AR) managers are expected to perform soon after the subscription starts. Revenue cycle management comprises of steps in which AR management is one that holds fundamental value.

Legal Aspect

Don’t bill for Equipment never used in the procedure(s)
Take services not performed into consideration
No upcoding or undercoding
Take note of unbundling charges

Contract Negotiation

Know payment terms
Reimbursement rates
Claim filing guidelines
Effective and expiry dates
Other provisions

Compliance

Running internal checks and auditing
Setting up practice standards
Assigning a compliance officer
Staging workshops and training sessions
Detecting offenses

Patient Rights

Strong patient-hospital relationship
Know about their health plan
Choose providers on their own
Have access to emergency services
Consent to proceed with the procedure

Patient Access

Vigilant front desk staff
Patient demographic information entry
Adequate training of the staff
Increase resources at the office
Easy access to the medical office for complaints

Charge Capture

Appropriate medical coding for procedures performed
Timeliness of coding matters
Accurate documentation is key to collections
Non-discriminatory services

Health Information Management

Transmit patient data under the HIPAA law
Medical coding
Medical necessity
Medical records management
Filing and retrieval

Patient Financial Services

Billing rules and regulations
Knowledge of insurance companies
Claims submissions without any delay
Follow-up after 7 to 10 days of claims submissions

The above-mentioned 8 steps in accounts receivable management pave the way for a successful RCM process. The number to reach us is 1-844-557-3227 or email us at info@p3care.com for any inquiries that you may have.

Accounts Receivable (AR) Management

DENIAL MANAGEMENT

PROTECTION INVESTIGATION

APPEALS MANAGEMENT

PATIENTS DECLARATION

PATIENT CALLS

ACCOUNTING FOR MEDICAL BILLING

Need proactive AR management for your practice resulting in high collection rates? P3 knows the right way.

Steps in AR Management

Legal Aspect

Contract Negotiation

Compliance

Patient Rights

Patient Access

Charge Capture

Health Information Management

Patient Financial Services

COMPANY

SERVICES

RESOURCES

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