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Your Trusted Service Provider
- +1-(430) 562-9789
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6721 COLUMBIA GATEWAY DRIVE. COLUMBIA, MARYLAND 21046
Account Receivable Services
What We Offer - Account Receivable Services:
- Efficient Invoicing: Timely and accurate invoicing for faster revenue collection.
- Credit Management: Effective credit control and debt recovery solutions.
- Payment Processing: Streamlined methods for secure and prompt payments.
- Aging Receivables Resolution: Strategies to tackle overdue accounts effectively.
- Financial Reporting: Transparent insights into receivables for informed decision-making.
Our Treatment Plan and Strategies:
- Customized Invoicing: Tailoring invoices to meet client and industry-specific needs.
- Proactive Communication: Building strong client relationships for prompt payments.
- Debt Recovery Expertise: Specialized approaches for handling challenging receivables.
- Payment Plan Facilitation: Structured payment plans to resolve outstanding accounts.
- Data-Driven Insights: Leveraging analytics for receivables management and continuous improvement.
Think Hard & Focus On The Patient's Well-Being
Medical Billing
Facilitate seamless interactions with insurance providers, ensuring accurate claims processing and maximum reimbursements
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Medical Coding
Accurate coding is crucial for reimbursement and compliance. Our experts ensure precision in every code.
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Credentialing
Efficient provider credentialing services to ensure your practice remains in-network and compliant with payers.
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Account Receivable
Accounts Receivable (AR) is the money healthcare providers are owed by insurance companies for patient services.
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Revenue Cycle Management
Optimize your revenue cycle from start to finish. We manage billing, collections, and reporting efficiently.
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Virtual Assistance
Virtual assistance involves obtaining help and support from a remote or online assistant.
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Virtual Medical Scribe
A virtual medical scribe helps doctors with patient records in EHR systems.
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Pre Authorization
Pre authorization insurance-required approval for treatments, streamlining coverage and billing
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Denial Managment
Denial management crucial for healthcare finances, it addresses and appeals denied claims.
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Frequently Asked Questions
Accounts Receivable in medical billing is the money owed to a healthcare provider by insurers and patients for services rendered.
Accounts Receivable impact healthcare reimbursement by affecting cash flow, revenue, and financial stability for healthcare providers.
Key metrics for measuring Accounts Receivable performance include Days in Accounts Receivable (DAR), Aged Trial Balance, and Collection Ratio.
Reducing Accounts Receivable aging and improving cash flow involve efficient billing, follow-up, and timely resolution of outstanding claims.
Ensure correct insurance payments by reconciling EOBs (Explanation of Benefits) with patient accounts and addressing discrepancies promptly.
Improve the follow-up process by setting clear timelines, automating reminders, and using technology for efficient claim tracking.
Common reasons for denied claims include coding errors, eligibility issues, and missing documentation. Prevent them through rigorous quality checks.
Best practices for managing Accounts Receivable include timely billing, thorough follow-up, accurate documentation, and regular analysis of AR reports.
Staying compliant with healthcare regulations in Accounts Receivable management requires adherence to HIPAA, billing guidelines, and accurate record-keeping.
Technology plays a crucial role in Accounts Receivable management by automating processes, enhancing data accuracy, and improving overall efficiency in medical billing.