Resolve Unpaid Claims Fast with Our Specialized AR Recovery
Outstanding balances and long-standing accounts receivable pose a significant threat to the financial stability of a practice. At Philadelphia Medical Billing Services, our AR Recovery Services are designed with a single goal: to ensure that you are able to obtain your overdue payments faster and more effectively. Our approach specifically targets challenging and slow-moving AR by addressing the root causes of the issue. Whether it is addressing the routine denied claims, disputing claim underpayments, or collections of aged accounts receivables, our professional staff’s aim is to cut down your AR days, enhance your practice’s revenue recovery, and improve its’ financial recovery.
What Philadelphia Medical Billing Services Can Do for Your AR Recovery
At Philadelphia Medical Billing Services, we focus on providing full-range AR recovery solutions that can effectively bring back unpaid claims. Here’s how we specifically enhance your AR recovery management process:
In-Depth Claim Review
We carry out an assessment on the outstanding accounts receivable and specify claims that need some attention. Identifying problematic claims in account receivable recovery services
Denial Resolution Expertise
We have a highly skilled workforce that focuses on analyzing the reasons for claim denials. We make efforts in addressing these probably by providing compelling reasons and documents
Patient Account Recovery
When it comes to collecting on outstanding patient accounts, we ensure that the process is done considerately. It prevents overdue payments while preserving the pleasant relationship with patients
Insurance Follow-Up Services
We have dedicated personnel whose responsibility is to follow up with insurance companies on pending claims, hence reducing the turn-around time for payment.
Proactive Aging Receivables Management
We maintain an aggressive follow-up approach for overdue revenue, reviewing accounts based on the correct timed span. This enables timely AR follow-up on the overdue payments
Appeals Handling
For matters concerning underpayments and payments denied, we have expertise on appeals. Our team writes and submits appeal letters for AR recovery services, complete with all the information
Detailed Recovery Reporting
We give a clear and detailed account of your AR recovery attempts to you. These reports indicate achievements, difficulties, and results of the work done and help keep track of the state of your unprocessed claims.
What Makes Us Unique for Your AR Recovery
At Philadelphia Medical Billing Services, our AR recovery approach is distinguished by specific, measurable outcomes that set us apart from the competition:
- High Recovery Rate: Our claims status statistical data reveal that we manage to collect 95% of the unpaid claims, while other organizations normally clear 80–85% only.
- Reduced Days in Accounts Receivable:Our aggressive follow-up measures have been seen to cut the number of days in accounts receivable (AR) by 30% within the first quarter of our engagement.
- Patient-centric Approach:Effective communication of fiscal roles increases patients’ satisfaction, decreasing complaints for billing by half.
- Custom Metrics and Reporting:We have customized recovery metrics for tracking AR recovery that assist in analyzing the recovery trends, payers, and balance.
- Root Cause Analysis ImplementationThrough carrying out proper root cause identification, we ensure that clients minimize payment delays in the future by an average of 40%.
Ready to Maximize Your AR Recovery?
Do not let unpaid claims and aged accounts be a hindrance to the practice. Join Philadelphia Medical Billing Services and see how our targeted AR recovery services can impact your business. Call us today for a free initial appointment and start the journey towards a secure future with success.