ARR Service
Medical Accounts Receivable Recovery Service
Accounts Receivables Process
Our medical accounts receivable service is designed to make sure medical professionals get their payments on time, it’s all about keeping the records of the money owed to them, especially from insurance companies. The system is designed to cater to all medical professionals getting reimbursed, our advanced and efficient system involves keeping track records of past-due payments owed by insurance companies. It helps medical professionals to run their practices smoothly and efficiently without worrying about going through any kind of loss or bad debts. A Field like the medical industry requires one to be 100% attentive to the services they are providing with very less space for errors as it needs a. But it is also important to secure finances to keep it running for the long term, managing paperwork and maintaining accounts can be very challenging to medical professionals that is where medical ar specialist comes for help, Our advanced account receivable medical billing services ensures timely payments from insurance companies, minimizes bad debt, and frees you from hectic paperwork. Focus on what matters most – your patients – while TechCare Global handles the rest.
Outsourcing accounts receivable services has become a strategic choice for many medical providers.
Despite rising costs, medical practices often struggle with stagnant cash flow due to uncollected accounts receivables. Lack of follow-ups on accounts receivables (AR) leads to a pile of unpaid bills some aging over six months, Dealing with these unpaid claims can be a very time-consuming and hectic process, Researching errors, filling appeals, and resubmitting claims can be overwhelming with limited staff TechCare Global medical accounts receivable service will take over the responsibility of minimizing your outstanding Accounts receivables efficiently, we handle all the hectic complexities of claim management, freeing your team’s focus on the paperwork and letting you focus on what matters most- your patients, don’t let your unpaid bills distract you from your practices and let us take the responsibility to get you paid on time to maximize your collections and streamline your cash flow.
AR follow-up in medical billing for healthcare services is critical for several reasons.
Our medical ar specialist are dedicated professionals and expert in investigating denied claims, working 24/7 for you to investigate denied claims ensuring maximum collection of payments from insurance companies. Managing account receivable medical billing and Revenue Cycle Management internally is an outdated procedure that requires highly skilled professionals and experienced team in A/R follow-ups. Besides just following up on payments there are other important factors such as entering charges, checking insurance benefits, and recording payments. Making sure everything is in the right order is very necessary to avoid conflicts with the insurance companies, Mishandling claims can lead to rejections and loss for healthcare providers, that’s why it is important to have a professional at your back who can handle all these rejected claims and liaise the insurance companies to resolve issues. Having a specialized team like ours at TechCare Global helps medical professionals prioritize what matters the most- the patients without worrying about getting paid.
Discover TechCare Global’s Medical Billing's Extensive Accounts Receivable Services
TechCare Medical Billing delivers an array of accounts receivable services tailored for hospitals, emergency rooms, urgent cares, and clinics. Employ quality control protocols, well-structured billing methods, and fitting accounts receivable services to guarantee flawlessly accurate billing.
- Upon securing client authorization, we meticulously curate bills and promptly dispatch them to the respective insurance entities
- Documenting and meticulously accounting for generated revenue.
- Preparing and submitting periodic declarations promptly.
- Processing cash receipts and resolving discrepancies swiftly.
- Issuing customer-approved credit memos and refunds.
- Keeping subsidiary receivables ledger consistently updated.
- Implementing agreed-upon process changes efficiently.
- Allocating received funds and resolving any payment discrepancies.
- Monitoring and pursuing collections for accounts receivable.
- Generating detailed reports analyzing receivables by various criteria.
- Invoicing based on thorough documentation of service/product delivery.
- Achieving substantial cost reduction and operational streamlining.
- Mobilizing resources effectively for expedited project deliveries.