Aging A/R Recovery
Healthcare providers face constant pressure to provide excellent service while contending with various challenges, such as lengthy receivable cycles. These issues can delay revenue, exhaust billing teams, frustrate financial management, and destabilize cash flow. However, when businesses outsource A/R follow-up services to an experienced provider, they can overcome these challenges, and save costs as well as manpower.
We recognize that a lack of structured processes can result in medical billing and coding companies losing significant sums of money. Therefore, at CREDENSE, we assist such firms in streamlining their accounts receivable follow-up processes and generating better revenue. Our objective is to decrease the AR process duration by regularly tracking outstanding claims.
AR Follow-Up Services We Offer
Our team at CREDENSE consists of highly experienced medical coders and financial experts who work collaboratively to provide clients with effective AR follow-up services. Our services include:
Medical Accounts Receivable Follow-up
CREDENSE’s financial experts meticulously follow-up on all outstanding claims, track receivable balances, initiate collections, investigate claim denials, and follow up on other outstanding payments to increase cash flow and reduce AR days.
Accounts Receivable Recovery Services
We efficiently detect and identify various medical billing scenarios that result in non- payment of dues and help resolve those problems to ensure more claims are paid.
Financial Reporting
We assist healthcare companies in preparing various financial reports, including monthly analyses of the issues causing claim denial. We help distinguish collectible and non-collectible amounts, identify coinsurance and respective deductible amounts, and bill them correctly to the payers.
Insurance Follow-up
Our insurance follow-up services ensure timely payments of claims by aggressively following up with insurance companies to prevent loss of revenue.
Clean-up of Old AR
Our team of AR follow-up experts can help healthcare providers clear backlogs within a quick turnaround time caused by insufficient follow-up skills, lack of manpower, and poor management.
Software We Use
Our priority is to deliver top-notch AR follow-up services to our clients without disrupting their internal schedules. In order to achieve this, we leverage the latest accounts receivable technologies and softwares available to us.
Why Choose CREDENSE for AR Follow-up Services?
At CREDENSE, we continuously strive to enhance our services through multi-domain industry experience and ongoing service improvement measures. When you partner with us for accounts receivable process outsourcing, you can benefit from the following reasons:
Cost-effective Pricing
Our efficient and prompt medical A/R follow-up services are offered at cost-effective rates, which can help improve your cash flow.
Financial Data Security
We implement strong measures to secure data and sign agreements with our clients to maintain confidentiality and protect their important financial information.
HIPAA Compliance
As a HIPAA-compliant service provider, we guarantee that patient and treatment data is not disclosed to any third-party entity.
Highly Accurate Services
We thoroughly examine all outstanding payments on a regular basis and update the accounts with the latest information to prevent any overlooked unpaid claims.
Quick Turnaround Time
We value your time and deliver services within a quick turnaround time without compromising on quality.
State-of-the-art Infrastructure
Our team of financial professionals has modern and advanced infrastructure at their disposal, allowing them to deliver efficient services to clients all around the world.
Single Point of Contact
We assign a dedicated project manager as a single point of contact, who will keep you informed of every stage of the project.