REVVSOURCE

Account Receivables Management

Accounts receivable management is a critical component of medical billing success. The AR cycle comprises tracking and collecting owed payments on schedule. It entails a number of steps, including submitting medical bills, following up on unpaid claims, and patient billing, as well as payment posting and collections administration. A medical practise must track days in accounts receivable to assess its overall financial health and find areas for development. This is a key performance indicator (KPI) that reflects the average number of days it takes to collect money for services performed.

REVVSOURCE will conduct an analysis of your current AR procedures to identify areas for improvement through best practises. Benefit from challenging the status quo by identifying and measuring opportunities for change on a continuous basis.

In addition to the above, REVVSOURCE team also takes additional steps to make sure the AR is well maintained by the practices.

Examine accounts receivable balances and separate collectible and non-collectible sums to assist you in billing payers for co-insurance/deductible amounts.

Practices can obtain a precise analysis of billing operations when they outsource accounts receivable services to us, which allows you to discover and rectify difficulties that lead to claim denials or improper payments.

Accounts will be thoroughly reviewed in order to develop an appropriate action plan. Pattern recognition and analysis in codes, procedures, or any operational problem.

Claims that are under the carrier's filing limits and those that have not been paid in accordance with the contract are identified. Resubmit all such claims along with the required documentation.

Account Receivables Management

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