MS Revenue

Menu

MS Revenue & RCM Automation

Account Receivable MGMT

Account Receivable MGMT: Effective accounts receivable management is crucial for maintaining a healthy cash flow in medical billing. MS Revenue & RCM Automation places significant emphasis on designing and implementing internal controls to manage medical billing AR follow-up efficiently. Our AR management team operates as an integral part of the medical billing team, providing comprehensive solutions to address cash flow challenges promptly.

Our Accounts Receivable Management services aim to accelerate cash flows and reduce the number of days for accounts receivable by submitting error-free clean claims, analyzing denied claims, and conducting regular follow-ups with insurance companies and patients for outstanding claims and dues.

Key components of our Accounts Receivable Management services include: Insurance Follow-Up:
  • Timely follow-up with insurance companies is vital to ensure the prompt payment of claims. At MS Revenue & RCM Automation, we have a dedicated AR follow-up team that aggressively communicates with insurance companies on all accounts.
  • Our trained staff continuously liaise with insurance companies through various channels such as websites, fax, IVR, and phone to expedite the settlement of claims.
  • We monitor the aging of accounts receivable and ensure that all claims are followed up between 25 to 45 days from the date of entry, depending on the payer. Medical billing AR follow-up with insurance companies helps us obtain claim statuses, details of appeals, and denial reasons in case of rejected claims. If a claim is denied, we work to have it reprocessed during the call with the insurance representative, resolving issues promptly.

    • Old Accounts Receivable Management Clean-Up Projects:
    MS Revenue & RCM Automation also takes on the responsibility of cleaning up old accounts receivable. Many medical practices and facilities accumulate unresolved accounts receivable due to lack of proper follow-up or ineffective AR management by previous medical billing companies. Our team analyzes various accounts receivable reports provided by the client, devises strategies, and executes them to reduce bad debts and maximize AR collections.
    Our experienced team identifies and rectifies any inconsistencies in the AR, allowing for improved financial health and enhanced revenue flow.