Accounts Receivable Services

Maximize your revenue by recovering outstanding payments and reducing accounts receivable days

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Accounts Receivable Services to Boost Revenue for Your Practice

We offer all-inclusive accounts receivable services that assist healthcare providers in the collection of overdue payments, minimizing AR days, and the improvement of cash flow. We focus on finding and solving unpaid claims that are underpaid and denied claims that are adversely affecting your revenue.

With our expert AR management, you can expect:

  • Quicker turnaround of payments
  • Fewer accounts receivable days
  • Increased rate of collection
  • Better cash flow
  • Detailed reporting and analytics
Accounts Receivable Management

Accounts Receivable Management Services

The professional AR management in medical billing that we provide at SHMEDEX can assist health care providers to monitor and receive compensations that may result due to patients and insurance providers. Payments do not necessarily occur immediately when the medical services are availed.

Our team aims to contact and pursue unpaid claims, address any faults, and represent them whenever there is an occasion. We minimize outstanding balances, as well as enhance the cash flow of your practice.

Our A/R follow up services enable providers to spend time treating patients, and we take over the tedious job of tracking claims, disputes, and payments. The drives towards patterns of denials and delays are also undertaken by us so that problems are corrected early before they escalate. To accelerate reimbursements and eliminate write-offs, we aim to build the strong financial health of your practice.

AR Management

Our Procedure for Accounts Receivable in Medical Billing

A comprehensive 6-step process to maximize your collections and cash flow

1. Charge Entry

Our system is accurate when we enter the charges of all of our patients, and we make sure that there is a match between our billing codes and what we provide. This action becomes the foundation of the clean claims process and aids in eliminating mistakes or claims denials by the insurance companies.

2. Claim Submission

We file claims electronically with insurance payers after checking to meet specifications in accuracy and completeness. We are working on clean claim submissions to ensure faster reimbursement and the elimination of delays caused by errors that should not occur.

3. Payment Posting

Our billing software has postings of payments made by the insurance companies and by the patient. We have a record of EOBs and adjustments, as well as balances left to collect, and hence it is simple to keep a record of the amount due and charged.

4. Denial Management

We have looked at claims that are denied, rectified them, and represented them. Our professionals will do the follow-up with payers to clarify the cause of the denials and keep iterating on our process to minimize denials in the future.

5. A/R Follow Up

We do follow-ups on balances and unpaid claims regularly. Our staff reaches out to payers and patients to make sure that payments are timely received, which also allows maintaining a healthy and stable flow of revenue.

6. Reporting and Analyzing

We come up with detailed reports to track claim statuses, payment trends, and denial trends. Our comprehensive reporting assists in filling the gaps and enables your practice to make knowledgeable financial choices, leading to improved revenue results.

Boost Revenue with Expert Medical AR Management Services

Our professional AR management services in the medical field are aimed at improving your cash flow due to efficient tracking and resolution of claims.

We provide comprehensive accounts receivable healthcare services to eliminate revenue leakages and reduce aged receivables. We have a comprehensive knowledge of how to manage AR in medical billing, and we ensure that all claims are pursued efficiently and in time to get payments received.

AR follow up in medical billing or checking each account receivable, medical billing entry to achieve accuracy, we offer full scope assistance. Let us process your medical accounts receivable and see how having a specialist accounts receivable in medical billing can make a difference.

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Why Outsource Accounts Receivable Services from SHMEDEX?

Expertise in Medical Billing

Our team consists of skilled individuals with awareness of the intricacies of medical billing and what payers demand. We ensure that the denials of claims are minimized, enhance collections, as well as maintain that the billing process we follow is in line with all the rules and regulations in the industry.

Faster Reimbursements

We also optimize our A/R procedures by submitting claims promptly, resolving denials promptly, and making routine follow-ups. Our streamlined process means quicker insurance company and patient reimbursements, both of which increase your practice's cash flow and decrease the days in your A/R.

Focus on Patient Care

Once you outsource with SHMEDEX, we do your A/R work while your employees continue attending to patients. We help lower administrative burden, which helps you and your staff focus more on providing high-quality care without being concerned about billing issues.

Reduced Operational Costs

We ensure that your operational expenses are kept down through our handling of the A/R services without requiring you to hire in-house billing staff. Our proprietary revenue cycle management process has cost-effective solutions that have reduced overhead and have not compromised accuracy and performance.

Customized Reporting

Our services include customized reports depending on your application. We also have personalized reporting tools that can assist you in monitoring your claim performance, A/R aging, and other information that can enable you to make decisions that are data-oriented to improve your financial performance.

Improved Cash Flow

We concentrate on the proactive follow-up and efficient denial management to minimize the delays in payments. Our regular collections give your practice a healthy operating cash flow and long-term financial stability.

Why You Should Outsource Accounts Receivable Services?

In healthcare provision, outsourcing accounts receivable services is one of the wisest actions a potential provider can take. We are a professional accounts receivable company specializing in medical billing and accounts receivable.

When deciding to outsource the accounts receivable service, you acquire the expertise of those people who know payer policies, patterns of denials, and reimbursement trends. It not only saves time and minimizes errors, but also allows your accounts receivable in the healthcare system to be successful over the long term.

Reach Out to Us for Accounts Receivable Services

Are you having a problem with late payments or difficulty in controlling unpaid claims? We can assist you. Our accounts receivable services will aim at tracking, following through, and recovering payments from insurance companies and patients.

Our team works on the specific process of medical billing and getting the practical understanding of how to work around claim denials, posting payments, and A/R tracking. We have policies and techniques that are tested to ensure that you get your payments quicker in an efficient manner. Contact us today; we are here to assist you with credible and efficient accounts receivable services.

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Accounts Receivable FAQs

Common questions about our AR services

Most clients see their first recovered payments within 2-4 weeks of engagement. The speed of recovery depends on payer responsiveness and the age of the claims. Older claims typically take longer to resolve but we work aggressively on all claims simultaneously.

Yes, we specialize in recovering payments on aged claims, even those over a year old. While payer deadlines vary, many claims can still be recovered through appeals and reconsideration requests. We've successfully recovered payments on claims up to 3 years old in some cases.

All payments are sent directly to your practice, never to us. We provide detailed documentation of each recovery and work with your team to ensure proper posting to patient accounts. Our fee is based on a percentage of what we actually recover for you.

Absolutely. Part of our service includes identifying patterns in claim denials and underpayments. We provide actionable recommendations to improve your front-end processes, reducing future AR issues. Many clients see a 30-50% reduction in new AR problems after implementing our suggestions.
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