Accounts Receivable Management
Delivering on the Promise of helping you collect what you are owed.
Accounts receivable is the largest manageable asset of your healthcare practice. For years, practices have struggled to obtain the optimal, timely reimbursements to which they are entitled.
We have the hands-on experience in determining where and why bottlenecks may occur in your accounts receivable process. We analyze a variety of factors related to your revenue stream. Our process is interactive, with participation from all staff involved. We make recommendations for process improvements in an effort to maintain or increase your practice’s net revenue when appropriate.
Some of the factors analyzed in this process are:
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Practice fee schedule analysis
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Managed care contract review and fee schedule assessment
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Claims processing review - From front desk intake to the final payment posting, we perform a detailed review of all the steps along the way. We identify areas for improvement and assist with the implementation and evaluation of these newly created procedures.
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Practice management system evaluation
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Design and implement A/R policies - Collection of co-pays, determining financial hardship, correct ABN usage, payment plans, claims denial management,
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Establish monthly processes to manage A/R - We review the monthly reports generated by your practice management system and recommend areas to benchmark and monitor for improvements.
For more information on how we can assist you in streamlining and protecting your accounts receivable process, call
Jim Sacher at 440-449-6800.