Reduce Your Liabilities and Watch Your Cash Flow Progress

A well organized and vigorous income flow tends to be the salvation of any healthcare facility and this emphasizes greatly on the importance of efficient Accounts Receivable services in medical billing. However, the significantly intricate nature of the healthcare industry and involvement of multiple shareholders can pretty much exhaust the resources of healthcare facilities. Most medical facilities or healthcare providers suffer the excess of unhandled backend tasks as a result of being short-staffed, tasks which are essential to reduce costs, medical billing errors and would potentially improve revenues. As a consequence of this collapse, their focus on their patient care is intruded and weakened.

We at Centre State Practice Management have established the most competent method to deliver our accounts receivable services to our customers according to their own specific requirements which would facilitate them in identifying and diminishing all causes of profit loss. We take pride in being the most efficient healthcare BPO Company and our notably effective procedure helps to produce rapid payments throughout the complete credit collection of your healthcare facility. We also facilitate you in outsourcing our AR services for personalized solutions for your receivables that require expert treatment and systematically planned follow-ups. This way, you get complete control over the complex and resource exhausting processes just by having to pay a small fraction of your existing costs. Over the years of our service, we have assisted various renowned healthcare organizations to reduce their debts and enhance their revenues and we hope to assist you in the same manner.

Here's How We Help You Optimize Your Accounts Receivable Cycle:

  • Inspecting your accounts receivable balances and separating your collectible and non-collectible sums to help you bill deductible sums to compensators.
  • We ensure to provide you with an accurate analysis of your billing processes which assists in identifying the issues causing claim denials or payment faults and resolving them.
  • We review your accounts to spring up an appropriate action plan which includes the recognition and scrutiny of patterns in codes, dealings or any operational faults.
  • By evaluating the regulation policy of your provider and categorizing claims that require instant amendments, we carry out a complete health check-up of your suppliers AR aging report.
  • We assist you in resubmitting claims along with the essential documents that are either under the filing restrictions of the carrier or the ones that you failed to acquire payments for as per your contract.

Components of Our Diligent AR Process

1

Claims Filing

Claims Filing

Filing claims to the correct indemnity carrier

2

Tracking Status

Tracking Status

Following up with the carrier and keeping a track on the claims position

3

Identifying causes of Denial

Identifying causes of Denial

Analyzing the causes of claims denial and acting upon them to prevent such denials

4

Follow-up

Follow-up

Gathering additional information by associating with the carrier or the patient

5

Refiling

Refiling

Re-acknowledging the correct claims to the insurance carrier

6

Concluding Payment

Concluding Payment

Monitoring the refiled claims to ensure they are fully paid

Types of AR Services We Provide Our Users

Medical Billing

We are equipped with the most modern and advanced technological tools to provide you with end-to-end medical billing services. Our team of licensed coders and other expert specialists are well versed with the transforming coding and billing regulations occurring in the industry and have customized the billing services such that they are well suited to handle claims. We have established a procedure to provide you with accounts receivable solutions that encompass all features of medical billing, from patient enrolment and adequacy check to coding, billing, accounts settlement, and AR collection.

Cash Management

In the modern era, our up to date and advance system caters to provide you with contemporary medical accounts receivable services which saves you from the struggle of manually supervising and reconciling your cash flows coming in from various sources. Hence our services make cash managing a flawless experience for you through automating the everyday bank settlement process by merging the common ledger, patient accounting system, and the bank account. Our tailor-made revenue management system helps you and your finance managers to recognize exclusion items, follow-up payments, supervise documents and keep cash records for auditing which allows them to concentrate on more significant responsibilities.

Bad Debts Analysis

We entirely understand the fact that a patients share is pivotal in contributing more than a quarter of the revenue generated in the healthcare industry and thus, we greatly focus on reimbursing payments from patients throughout our revenue cycle to guarantee that you remain safe and free from bad debts. Our team of experts ensures that you gather all the necessary billing and insurance information before you or your providers embark upon extending healthcare services to a patient. By calculating the patient's share of treatment, verifying their coverage and insurance bills and consulting them, we assist you to have an optimized revenue cycle performance and cut down on bad debts and denials.

Credit Balance Services

We have designed our credit balance services in such a way that they should be perfectly fit to provide an accurate analysis of your dealings and transactions, EOBs, patient history, ERAs, and efficient credit management solutions. We tend to abide by the industry guidelines while scrutinizing patient credit balance and instigating paybacks for the best possible results. Assessing contract details, recovering the allowable amount and making corrections for any incorrect payments are the basic components of our services. We use appropriately endorsed documents to arrange an all inclusive patient or insurance reimbursement package to provide an enhanced experience to our users of self-pay transfers and secondary insurance billing which maintains our standing as the most reliable AR services provider in USA.

Here's How We Help You Optimize Your Accounts Receivable Cycle:

  • Inspecting your accounts receivable balances and separating your collectible and non-collectible sums to help you bill deductible sums to compensators.
  • We ensure to provide you with an accurate analysis of your billing processes which assists in identifying the issues causing claim denials or payment faults and resolving them.
  • We review your accounts to spring up an appropriate action plan which includes the recognition and scrutiny of patterns in codes, dealings or any operational faults.
  • By evaluating the regulation policy of your provider and categorizing claims that require instant amendments, we carry out a complete health check-up of your suppliers AR aging report.
  • We assist you in resubmitting claims along with the essential documents that are either under the filing restrictions of the carrier or the ones that you failed to acquire payments for as per your contract.

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