Medical Accounts Receivable Services

Medical Accounts Receivable Services

Accounts Receivables Process

The accounts receivable process is critical to ensuring healthcare providers receive payments within a specified time frame, enhancing their collection rates, and processing invoices efficiently. This process involves scrutinizing insurance contracts to ensure that providers are adequately reimbursed. Accounts receivable (A/R) follow-ups play a vital role in medical billing, helping healthcare service providers manage their practices effectively and ensure timely reimbursement of owed cash.

Why Is AR Follow-Up Essential In Medical Billing For Healthcare Services?

The accounts receivable follow-up team in healthcare is responsible for investigating denied claims and reopening them to secure maximum payment from insurance companies. Handling medical billing accounts receivable and revenue cycle management in-house is becoming outdated. Specialized billing professionals are now required to manage A/R follow-ups efficiently.

Key Operations in Medical Billing:

• Charge entry
• Benefits verification
• Payment posting

Correct procedure codes and diagnostic codes are established during these operations, ensuring compliance with insurance guidelines to prevent claim denials. A dedicated A/R team is critical for following up with insurance firms to address rejected claims promptly.

Why Choose PCSRCM for Accounts Receivable Services

Comprehensive A/R Program

PCSRCM’s accounts receivable program overcomes individual provider collection delays by assigning a full team dedicated to resolving unpaid claims swiftly. Our team comprises experienced individuals in medical billing and collections who collaborate with insurance companies to manage collection activities effectively.

Key Features:

• Comprehensive services tailored to client needs
• Efficient Order-to-Cash cycle management
• Reduction of past-due receivables
• Identification and filling of revenue gaps

Accounts Receivable Services We Offer

• Bill preparation and submission to insurance companies
• Revenue recording and periodic declaration preparation
• Cash receipt recording and short country resolution
• Issuance of credit memos and refund cheques upon client approval
• Maintenance of subsidiary receivables ledger
• Implementation of agreed process changes
• Application of received funds to customer accounts and resolution of short-payment issues
• Monitoring and follow-up on accounts receivable collections
• Preparation of A/R reports based on various factors (age, business sector, customer)
• Generation of invoices using documentation evidence