- Securing payment for physician services is increasingly challenging. Medical practices face mounting pressure to enhance revenue and reduce operational costs, yet a considerable portion of billed amounts remains uncollected. Shockingly, only 70% of claims are resolved initially, with 30% denied, lost, or disregarded. Compounding the issue, 60% of these unresolved claims are never resubmitted to payers.
- Traditionally, receivables were managed using a 30/60/90-day model, but this no longer suits today's dynamic landscape. Each payer operates on its own timeline, rendering standardized models obsolete.
- Acknowledging these hurdles, our A/R Follow-Up service is finely crafted to optimize your practice's revenue. We spring into action as soon as claims are dispatched to insurers, leaving no claim overlooked. Our proactive stance ensures each claim receives personalized attention, expediting resolution.
- With our expertise and dedication to thorough follow-up, we safeguard your practice's financial well-being, minimizing revenue loss due to overlooked claims.
With our AR follow-up services, you can:
- Improve Cash Flow: By accelerating the collection process and reducing AR aging, we help you improve your cash flow and maintain financial stability.
- Reduce Denials: Our proactive approach to AR follow-up helps identify and address billing errors and discrepancies early on, reducing the risk of claim denials and rejections.
- Enhance Efficiency: We streamline AR follow-up processes, leveraging advanced technology and industry best practices to optimize efficiency and minimize administrative burden.
- Increase Revenue: By maximizing reimbursements and minimizing write-offs, our AR follow-up services help you maximize revenue and achieve your financial goals.
- Maintain Compliance: We stay up-to-date on regulatory requirements and industry standards to ensure compliance with billing regulations, minimizing the risk of penalties and legal issues.
Partner with AKUS Health-Care Solution and experience the difference in medical billing. Let us empower your practice to thrive financially, so you can focus on delivering exceptional patient care.
Contact us today to learn more and schedule a consultation!