Collections on Medical Accounts Receivable

Due to the lengthy procedure required in getting payments from insurance carriers, hospitals, physician practices, and billing agencies all confront the difficulty of long receivable cycles. In addition, disputes and claims denials make the recovery process more difficult. Increase the effectiveness of your overall accounts receivable process and hasten the recovery of your receivables with the help of DoctorPaper’s Account receivable services.

Because you won’t have to worry about managing your practice’s cash flow, you can concentrate on providing high-quality patient care. However, prior to the 60 or 90-day time limit, claims must be followed up on and documented in order to improve the collection record and lower past-due receivables.

Process for Collecting Accounts Due

We can take care of the whole process of managing the revenue cycle (or just one part of it) for hospitals, physician groups, or billing organizations.

The steps in the procedure are as follows:

Review and access receivables

The data on accounts receivable is sent to our team either through the client’s EMR or billing system or by FTP upload to our secure servers. Then, our accounts receivable staff accesses, examines and evaluates this information.

Creating Aging Reports

The receivables from the accounts are organized into several buckets according to their age, such as Current, 30, 60, and 90 days. Receivables considered current are those whose due dates are within the next 30 days.

Calling Regarding Accounts Receivable

The accounts receivable follow-up procedure is handled by the specialized AR team, which is responsible for making phone calls to third-party payers such as commercial insurance companies, Medicare, and Medicaid. The status of a claim can be determined with the help of proactive follow-ups. If your application is denied or turned down, we will contact you to ask for any extra information or proof that may be needed.

The Conduct of Analyses and Reports

Documentation and analysis of call outcomes are performed to identify receivables trends. These trends may include some carriers making regularly low payments, frequent denials and rejections, etc. Additionally, the following reports are compiled by the team that follows up:

• The amount of money collected and how it was used
• current standing of each claim
• Alterations and Write-Offs
• Report on the collection rate and the age of accounts receivable
• Analysis of the Outstanding and the Trend

With Doctorpapers, increase your cash flow.

Accounts receivable collection is a specialty of team Doctorpapers. We have worked with many different clients and know the most common reasons why claims are turned down. To ensure the right codes are used, we can review ICD and CPT codes. Using our services, you can focus on patient care and expand your business while saving time. We ensure that each of your payments is tracked until it is made and compared to the carrier’s fee schedule.

For complete Accounts Receivable Collection services, get in touch with us.

PROCESSING OF MEDICAL CLAIMS

At Doctor papers, we know that improper medical billing and coding are the leading causes of denials. Therefore, your receivables are converted into cash by Doctor papers.

As a healthcare professional, you are aware that insurance companies typically deny claims. Additionally, US federal rules have tightened up considerably. As a result, pursuing insurance companies for money that is rightly yours might be challenging.

Thanks to our medical claims processing services, your accounts receivables cycle will be shortened. As a result, we decrease claim denials and increase your cash flow.

The federal Centers for Medicare and Medicaid services recently said that the time doctors have to appeal a denied claim will go from six months to 120 days. This makes it harder for your staff to look into claims that have been turned down or appealed.

Errors in medical billing and coding are the most typical reasons for rejection. To send in a correct medical claim, you need to know how different medical treatments work.

The AAPC-certified medical coders at Doctor papers are skilled in diagnostic and procedural coding.

Get in touch with Doctor Papers for professional medical billing and coding services. In addition, you may improve your revenue cycles by using Doctor paper’s accounts receivable calling services.

We understand CPT and HCPCS coding. In addition, we follow AMA and CMS rules when we code for surgery, lab tests, and other procedures.

For accurate processing of medical claims, contact us.

Get in touch with Doctor Papers for professional medical billing and coding services. In addition, you may improve your revenue cycles by using Doctor paper’s accounts receivable calling services.

We understand CPT and HCPCS coding. In addition, we follow AMA and CMS rules when we code for surgery, lab tests, and other procedures.