A/R Follow Up Services

Accounts receivable (AR) refers to all the funds patients owe for services rendered by your practice. Every organization strives to optimize AR collections to ensure timely payment for their work. In medical practices, effective AR management is crucial; an increase in AR beyond the expected rate signals that co-payment collection efforts are lagging and that practice management needs to address these shortcomings immediately.

Managing AR is more complex than it appears.

It involves filing appeals, updating insurance contracts, resolving underpayments from insurers, handling deferred reimbursements, and managing uncollectible debts. This is where Provision RCM steps in Provision RCM meticulously oversees your accounts, ensuring all critical AR functions are managed to benefit your practice.

For optimal medical billing, prompt follow-up on claims is essential. Billing firms typically file claims within 72 hours of service, initiating the AR process quickly and increasing the likelihood of immediate payments. In addition, medical billing applications help track outstanding claims and overdue collections, reinforcing control and maximizing collections.

Detailed reports for each payer help identify patterns in patient account behavior, while Provision RCM dedicated AR follow-up team ensures consistent and diligent account management. Using various communication channels including websites, faxes, IVRs, and telephones Provision RCM effectively interacts with insurance companies to secure your collections.