Medical Accounts Receivable: Outsourcing Support for Your Revenue Cycle
Healthcare organizations often grapple with administrative stress caused by outstanding claims and delayed collections. Denials and refusals from insurance companies exacerbate this challenge, amplified by increasingly stringent federal regulations. This mounting pressure necessitates proactive measures in managing denied or appealed claims, highlighting the criticality of enhancing the AR management service process to preempt issues before they escalate.
Are your A/R backlog and AR days falling short of industry benchmarks? Are resources a constraint in managing your accounts receivable effectively? Do your existing processes lead to ineffective write-off policies and closures? If so, outsourcing your AR Management services to Eunoia Systems emerges as the optimal solution.
Overcome Obstacles & Ensure Profitability with Eunoia Systems Services
Eunoia Systems understands your medical billing & coding hassle and offers the best-in-class services to counter them.
We work with a certified team capable of tackling Accounts Receivable and retaining revenue within the healthcare practice.
How we deliver the ultimate results:
Eunoia Systems Strategy for AR Recovery
Our strategy for managing aging AR accounts has been developed through years of experience. Our old AR recovery service is a streamlined approach that is both fast and effective.
Systematic Evaluation
When our AR team offers account recovery solutions to a new client, the first step is a thorough review of every unresolved claim. There may be some that have expired or are not collectable for some other reason, but we find every one that can possibly be recovered and get to work on it.
We aren’t just looking for the “low hanging fruit” in this process. Many medical billing companies only look for high dollar claims in aging AR, but we know how fast the smaller amounts add up for our clients, so we look at any claim that could still be paid.
Prioritization
Our team analyzes older unpaid claims as a high priority to ensure that none expire before we get a chance to process them. Using advanced analytical tools to minimize medical account receivables, we stay ahead of the payers’ requirements to help you collect the maximum revenue possible. We consistently follow up with each payer to recover your overdue payments so you can focus on your practice, knowing that we are looking after your bottom line.
Claim Correction and Resubmission
Our dedicated taskforce doesn’t let a single claim be rejected, denied or underpaid due to lack of follow-up. After the appropriate corrections or clarifications are made, we appeal each of those claims so the insurance or government payer will reconsider the payment. We also monitor your claim denials and rejections, so we can identify any recurring causes and eliminate them permanently from your revenue cycle management system.
Patient Communication
If the AR team finds that the outstanding balance should be paid by the patient, we generate a report that is easy for them to understand and send it to them. If you would like us to also handle the direct interactions with your patients, we will do that too. We aren’t a collection agency, so you don’t have to worry about sending the wrong message to your patients. We’ve found patients are much more likely to pay their bills if they understand the charges and agree with the amount due, so we help make everything clear and easy to understand. We’ll even take their phone calls and answer questions if you would like us to.
AR Recovery Is One of Our Specialties
Outsourcing AR Management Services to Eunoia Systems empowers your organization to tackle receivables effectively, ensuring improved collections and streamlined processes. By entrusting us with your accounts receivable, healthcare organizations benefit from our proficiency in resolving issues promptly and proactively, fostering financial stability and operational efficiency. Our account Receivable recovery services team takes that as our cue to take immediate action towards identifying and investigating every unpaid claim. Eunoia Systems streamlines the process, allowing us to be efficient enough to work profitably on old AR Recoveries and low-value claims. These are some of the features of our AR recovery system.