A healthy revenue cycle is basic for keeping up the financial prosperity of your healthcare facility also guaranteeing that physicians in your organization are repaid appropriately. Reducing days in accounts receivable is one of the best strategies to improve the business revenue cycle.
There are a few factors that go into keeping up a revenue cycle including
If any of these factors get out of line, the revenue cycle can be disturbed, causing an increase of AR days. Let us discuss why you should concentrate on reducing your days in accounts receivable and a few strategies to keep your revenue in line.
Make Research on Unpaid or Aging Claims
It’s critical to audit claims submitted through clearinghouses, research claim status through payer sites, and contact payers by telephone to make sense of what befell those unpaid balances when no dispatch can be found to help settle the issue.
Always record the name of the payer agent you talked with during your discussion as this data may prove to be useful not far off. Either research promptly as the mistakes come up during posting or observe all claims on a remit with blunders and research those after posting the check.
Research any claims aged more than 30 days, Now and again, you may discover the payer is as yet handling the claims —knowing which payers take more time to process permits you to concentrate on the individuals who should pay soon.
Researching an unpaid claim is a tedious procedure. It can take somewhere in the range of five minutes to as long as one hour to investigate a solitary claim. With the help of our dedicated revenue cycle management team, review your outstanding claims and analyze unpaid claims. Our medical billing experts concentrate on your insurance follow up and AR cleanup.
Use Accurate Documentation for Medical Billing
Documentation has been crucial, yet in today’s changing healthcare situation; it has ended up becoming fundamentally vital. The documentation is one of the most basic tasks in medical billing and coding. It offers key information to healthcare insurers for the claim processing. Proper documentation helps to identify any inefficiency in the revenue cycle and also helps in reducing AR days.
Outsource Your Revenue Cycle Management Process
Revenue cycle management outsourcing companies effectively accomplish HIPAA compliance and get twins ISO certified. e-care is also twins ISO certified and HIPAA compliant medical billing company in India.
About e-care India
e-care India is the best revenue cycle management company. We have 20 years of experience in medical billing and coding. Our revenue cycle management service includes insurance eligibility verification, denial management. Billing experts identify the denials and make corrections to the claims for resubmission. We achieve maximum reimbursement. To know more about our services visit our website: www.ecareindia.com and contact us today to schedule an appointment to become a partner.
