How Account Receivable Management Helps to Get Paid

Views:
 
Category: Entertainment
     
 

Presentation Description

Accounts receivable management is one of the biggest challenges in the healthcare industry. Improving and optimizing accounts receivable processes provides many benefits to every practice. Streamlined accounts receivable processes make a positive impact on revenue cycle operations.

Comments

Presentation Transcript

How Account Receivable Management Helps to Get Paid?:

How Account Receivable Management Helps to Get Paid ? www.ecareindia.com

Instructions:

Instructions 2 Accounts receivable management is one of the biggest challenges in the healthcare industry. Improving and optimizing accounts receivable processes provides many benefits to every practice. Streamlined accounts receivable processes make a positive impact on revenue cycle operations. Here we discuss how  Account receivable management  helps you to get paid. www.ecareindia.com

Account Receivable Management for Fast Claim Reimbursement:

3 Account Receivable Management for Fast Claim Reimbursement For faster claim reimbursement,  account receivable management  includes the following processes such as Account Receivable Follow up/ Insurance Receivable follow up Denial management Patient follow up Reports www.ecareindia.com

Account Receivable Follow up / Insurance Receivable follow up:

Account Receivable Follow up / Insurance Receivable follow up In AR follows up, initially, the team checks the provider’s policy to find claims that need to be adjusted off. After that, the team ensures which claims are collectible and uncollectible. Then the claims are submitted/resubmitted to the insurance payer. Submitted claims are then monitored across 30 days bucket by AR follow up team. If the claim is an underpayment, then the team has to take all necessary actions with the insurance company to recover payment. AR follows up team is responsible to maximize the practice revenue. 4 www.ecareindia.com

Denial Management:

Denial Management Denial Management team finds denied claims by making calls instead of waiting for the denial status code report. They also check the medical coding to identify claims rejection reasons. Based on the denial reasons, corrected claims are resubmitted without any delay. AR team follows-up the claims until it gets paid. 5 www.ecareindia.com

Patient Follow UP:

Patient Follow UP The patient follows up is carried to collect the missing demographic and insurance information and to discuss their outstanding collectibles. AR follow up team always tracks the patient bills and follows up with each patient until payment is received. 6 www.ecareindia.com

Reports:

Reports Account Receivable Management  team generates the following report. Accounts Receivable Aging report Key Performance Indicators report Top Carrier/Insurance Analysis report These reports provide a complete picture of the practice’s financial health, complete claim collection cycles, and information about the accounts receivable settlement, etc. 7 www.ecareindia.com

Why choose e-care?:

Why choose e-care? e-care is an exceptional  Account Receivable Management  company. We provide reliable  Account Receivable Management ,  medical billing and coding services   for Medical billing companies, practices and healthcare facilities, etc. We also provide charge entry services,  payment posting  services,  revenue cycle management  services, etc. By   outsourcing your medical billing  with us, you will get the following benefits. 8 www.ecareindia.com

Slide9:

Improves cash flow Minimize medical billing and coding errors Processes medical claims faster Improves Collection rates Saves  operational cost Improves your business rating etc . Want to know more about our services and the  benefits of medical billing outsourcing ? Log on to our website: www.ecareindia.com 9 www.ecareindia.com

Contact Us:

Contact Us Call Us: 813-666-0028 Website: www.ecareindia.com Mail us: info@ecareindia.com 10

authorStream Live Help