Account Receivable Management
Account Receivables Management is necessary in order to achieve the constant cash flow required for a health practice. Our team of experienced and highly skilled professionals is committed to providing you with financial health so that you can focus on giving your patients high-quality care.All your accounts receivable needs will be met through the provision of our very profitable solutions. The most important thing for ensuring fast payment for services and products already delivered is efficient management of accounts receivable, which, in turn, gives your practice the opportunity to grow financially.
We understand the problems health professionals face with the money flow and fiscal resources of patients. That’s why we offer strategies tailored to your particular needs. We have spent numerous years managing account receivables and we excel in obtaining the best collection timings. This ensures your medical office gets paid promptly. Amed offers premium solutions for receivables management for hospitals, doctors, nursing homes, and other healthcare providers to make the tracking and recovering of past payments a walk in the park. We assist in timely payments on old dues thereby, averting the usual challenges that hinder the smooth operation of financial transactions.
For more information on how outsourcing your Account Receivable services can benefit your practice, read our detailed guide here.
Key Benefits of Our Accounts Receivable Services
Our team of skilled billing professionals possesses the knowledge and know-how required to provide superior and expedited accounts receivable management outcomes. Let’s delve into how we consistently deliver unmatched AR results for our valued client
- Exceptional Account Receivable Aging Reduction: Our primary objective is to achieve a remarkable reduction in aging for insurance accounts receivable. We are dedicated to reducing AR aging from over 90 days to an outstanding level below 10%.
- Comprehensive AR Follow-Up by Our Specialized Team: We take great pride in our proficient AR follow-up services, executed meticulously by our specialized AR team.
- Staffing Excellence for Aged A/R Prevention: Our commitment to you includes maintaining optimal staffing levels. This proactive approach prevents the buildup of aged accounts receivable, ensuring timely and consistent follow-up.
- Rigorous Quality Control Assessments: Upholding the highest service standards, we conduct regular quality control assessments of our collectors’ work. Any areas requiring improvement are promptly addressed.
- Swift Resolution of Underpayments and Denials: We proactively identify and resolve underpayments and full denials during payment posting, ensuring maximum reimbursement for your claims.
- Strategic Follow-Up Timeframes: Appropriate follow-up timeframes are meticulously established for each stage of addressing outstanding claims, optimizing collection efficiency.
- Collector Productivity Oversight: Rigorous measurement and regular discussions are implemented to assess both the quantity and quality of collector productivity, ensuring consistent performance.
- Focused Review of High-Value, High-Risk Accounts: High-dollar and high-risk accounts are given top priority. Our team conducts focused reviews and offers invaluable recommendations to enhance recovery.
- Comprehensive Tracking of Write-Offs and Approvals: We maintain detailed records of write-offs and approvals, promoting transparency and accountability in managing your accounts receivable.
Amed Rcm is dedicated to achieving excellence in Account Receivable Management. Our strategies are meticulously designed to not just meet but exceed your expectations, offering an exceptional level of service in medical billing. Trust us to optimize your AR outcomes, ensuring a robust financial foundation for your practice.