Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Medical Billing AR Management Services Help Improve Cash Flow

By Outsource Strategies International Subscribe to RSS | May 8th 2012 | Views:
loading
 
  



Though providing efficient patient care is primary for a health care practice, proper AR management is crucial when it comes to keeping it afloat. Busy physician practices rarely have the time to manage their own financials and are increasingly outsourcing the work to medical billing service providers. Professional medical billing AR management services help improve cash flow and increase the profitability of the practice.

Competent Medical Billing Services

Health care practices could lose a lot of money because on unpaid claims. Insurance companies reimburse only bills that are submitted in the proper format. Billing and coding errors result in non-payment, adding to the accounts receivable of the practice. A medical billing company can help avoid these issues and ensure that the medical practice maximizes its revenue. Services provided by a reliable outsourcing company include

•Patient enrollment: All demographic and insurance information is checked to ensure that it is entered in correctly and in the proper format

•Insurance verification: This involves obtaining the patient's insurance details by calling the insurance payer or through online verification. All details are verified: payable benefits, patient details, pre-authorization number, co-pays, co-insurance details, deductibles, patient policy status, effective dates, plan details and much more

•Coding: Diagnostic and treatment codes are assigned by AAPC (American Association of Professional Coders) coders who are up to date on coding procedures and compliance. They provide error-free coding services for all medical specialties

•Charge capture, claims processing and scrubbing and payment posting: All charges are reviewed for accuracy. The claims are validated for patient information and codes and double checked before submission. ERA and EOB payments are posted daily, EOBs reviewed, and claims readied for follow-up.

Timely Accounts Receivable Management Services

A dependable medical billing company also aggressively pursues all unpaid insurance claims. EOBs and claims are assessed, prioritized and followed up on immediately. Claim denials are evaluated and appealed if they are incorrect. No claim is ever written off without being appealed first. The service provider is well equipped to handle claim follow up. The follow up analysis team contacts the insurance companies and effectively dispute unjustified denials.

Partner with the Right Medical Billing Company

Efficient medical billing and AR management services help improve client cash flow by reducing days in accounts receivable and increasing reimbursement by reducing claim denials.

If you are looking for medical billing and AR management services, see if the company offers the following service advantages:

•Proper research of accounts to determine a suitable action plan

•Continuing analysis of accounts

•Regular QA checks

•Daily, weekly and monthly status reports

•24/7 support technical support, with special assistance during emergencies

•Competitive pricing that is at least 30% to 40% lower than market rates.

There are firms that offer a free billing analysis too. Partnering with the right service provider ensures the best results.

Outsource Strategies International - About Author:
OSI is a medical billing service provider,standing abreast with the best medical billing companies in the US.OSI also offers quality physician billing services to prevent heavy financial losses in medical practices

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/medical-billing-ar-management-services-help-improve-cash-flow.htm

Related Business Articles Subscribe to RSS

Dental insurance billing services help maximize revenue
Published by Outsource Strategies International on February 3rd 2012 | Business
Dental insurance billing can help dental practices streamline their revenue cycle. Proper dental ins...
 
Medical billing classes include introduction to the procedure of medical billing
Published by Medicalbill12 on February 3rd 2012 | Business

The development of Medical billing classes is an outcome of the growth of the healthcare industr...
 
Averting common operational & legal pitfalls at your medical practice
Published by Deepak Rupnar on June 5th 2012 | Business
Medical practice and legal issues have long been inseparable. History is full of examples wherein pr...
 
Predicting the scope of medical billing consultants after 2014 and beyond
Published by Jacob Thomas on May 24th 2012 | Business
Although it has been quite a while since the Federal Government announced a series of far-reaching h...
 
Techniques for medical equipment manufacturers Through Supercharge your provide you with company lately!
Published by Samuel Willie on May 29th 2012 | Business
Advancing produce thread control might be a section of concern through a large amount of insurance c...
 
Discount medical supply store in your city
Published by Chooseems on July 6th 2012 | Business
You need to be extra careful while shopping on the internet. When it is about buying medication, the...
 
Being aware of the Sorts of medical Loans
Published by John Schubert on August 17th 2012 | Business
The charges of medical procedures and therapies can add up easily to thousands of dollars. When you ...
 
Home medical equipment monitors your every health problem
Published by Chooseems on June 19th 2012 | Business
Purchasing home medical equipments offers surplus vantages that can never compared with any other. I...
 
Dental insurance billing services help maximize revenue
Published by Outsource Strategies International on February 3rd 2012 | Business
Dental insurance billing can help dental practices streamline their revenue cycle. Proper dental ins...
 
Optimising venture who have medical equipment suppliers to boost productivity
Published by Jose Larry on May 29th 2012 | Business
Well being appliances are replacing frequently with fresh, new products are going online on the mark...
 
Need for medical contract manufacturing
Published by Ema Sis on March 24th 2012 | Business
The medical device contract manufacturing for the most part offers along with the assembly of highly...
 
Use internet for buying medical supplies online
Published by Chooseems on July 6th 2012 | Business
You need to be extra careful while shopping on the internet. When it is about buying medication, the...
 
Enhancing medical device regulations - Facing this implies to get a industrial sectors?
Published by Gerald Keith on May 31st 2012 | Business
Exactly so are we on course with the healthcare industry ski they medical device regulations on hand...
 
Dermatologists’ Shortage in the US – a medical billing perspective
Published by Jacob Thomas on December 5th 2011 | Business
Contrary to mounting demand, US healthcare industry continues to be plagued by shortage of dermatolo...
 
Which were i would say the top medical device companies? and furthermore go about doing their specific be taken bracelets problem?
Published by Ryan Roger on May 30th 2012 | Business
Trading wants a wide range of plans and in addition association. This may equal more true designed f...
 
Capital Aesthetic Methods by way of medical Loans
Published by John Schubert on August 17th 2012 | Business
A typical challenge that requires medical loans could be the occurrence of an emergency and yet you ...
 
Medical Loans for All Forms of medical Therapies and Procedures
Published by John Schubert on August 17th 2012 | Business
It has been mentioned time and time yet again that health is wealth and men and women are willing to...
 
Zadroga attorney enable to get better medical aid and healthy lifestyle
Published by Jennifer Weinstein on January 6th 2012 | Business
Zadroga attorney assist the victims of 9/11 terror attack, to get well deserved reimbursement for be...
 
Medical billing service: Secret behind health care institutes’ top level service
Published by Activemds on April 17th 2012 | Business
Around the world, medical and health care service of United States is appreciated for its quick and ...
 
The best courier service is provided by us including medical delivery
Published by Coloprilreview on December 1st 2011 | Business
Most of the delivery services comprise of Cargo Management, shipping, Cargo Express Movement & Wareh...