Presented by,Angomark, MedicalBillingStar

Don't leave your Accounts Receivable’s 

on the table !

How would you like your 0-30 days

accounts receivable (A/R) to be 80 % of your total A/R.

Yes, it is possible, and the healthiest practices work with this % as a long-term goal.

Here are some areas you can stare at right now that can rapidly boost your decreasing cash flow issue .

Steps To Improve

This will instantly result in your claim being

processed within 30 days, and not spontaneously push it to the 30-60 day category.

You're already in trouble if you are not billing out daily.

If your billing company does not do this now, have a meeting with them, and ask them to start this process with your claims to get immediate outcomes.

Bill your claims regularly

This is a easy solution, that you will see

results within a month or two months.

When your billing department requests further documentation either to process an original claim or fulfil a denial or delay in payment from the insurance claims company

Is your staff getting back to them within 24 hours ? If not, They should be.

Handle documents needs from your billing sector immediately

It's no wonder a majority of you’re A/R

is in the 90+ category.

If you are billing out on a monthly basis, your claims are already in the 30-60 day category.

On top of that, you now have to wait to hear back from the insurance company , so your claims are now in the 45-60 day category.

Thinking about the lifecycle of a single claim

If your billing department has requested papers and

your staffs is hearing on those requests because they're too busy processing patients, now you've pushed the claim out to the 75-90 day category.

See how rapidly this can happen ?

Filling your lobby and rooms with more patients is not the long-term solution.

Whether it is an internal billing department or

an outsourced firm, following up with them in serious.

Some concerns don't want to bother with secondary claims because the yield is low. Denials are also more work and need more time with sometimes poor results.

Following up with them as frequently as

possible — a minimum once a month is a critical step in dropping you’re A/R.

Follow up with your billing department

Many plans have applications the

physician, nurse practitioner, or physician assistant must fill out that include their license number and NPI.

If your staff have not filled these out, then you need to check to see if your changes (write-offs) are due to a physician not being on a specific contract.

Are all of your practitioners on your insurance contracts ?

Blue Cross, Blue Shield, United Health Care, TriCare, and

Medicare, are just a few that require this certification.

Some workers' compensation companies pay differently (up to $10/ visit to $15/visit) for therapists who are considered in-network versus out-of-network. It's really worth your time to ask.

By following these guidelines today, you can shorten the time between seeing a patient and being paid for your services. This will yield you the highest result in the shortest amount of time.

For a healthier accounts receivables and

better AR calling services Visit www.MedicalBillingStar.com

Thank You