Accounts Receivable Recovery Services

Medcare MSO offers a comprehensive range of AR healthcare receivables solutions and management services, recovering outstanding revenue from old AR accounts that are aging more than 120 days. Our system has been proven to be highly effective at increasing recovery, even from accounts that were thought to be lost causes.

Unlike most medical billing recovery companies, which only offer AR recovery solutions as part of a revenue cycle management package, Medcare MSO offers accounts receivable recovery services as a standalone option. We don’t believe in a one-size-fits-all approach to A R management solutions and want to meet the unique needs of your business.

Demo

Started On

April 1st, 2019

Review Period

1 Year

Collection Increased

$86,227.53 to $143,710.45

Revenue Increased by

66.6%

Systematically Increasing Revenue with Effective Claims Management & Medical AR Collections

Medcare MSO’s innovative system tracks every claim to completion, getting our clients the revenue they deserve.

Medcare MSO’s 4-Part Strategy: Don’t Let Unpaid Claims Slow You Down.

Our strategy for managing the AR process has been developed through years of experience. We have a streamlined approach that is both fast and effective.

Systemetic Evaluation

Systematic Evaluation

When our accounts receivable managers take on a new client, the first step is a thorough review of every unresolved claim and complete ar analysis. There may be some that have expired or are not collectable for some other reason, but we find every one that can possibly be recovered and get to work on it.
We aren’t just looking for the “low hanging fruit” in account receivable billing process. Many ar collection companies only look for high dollar medical claims billing in aging AR, but we know how fast the smaller amounts add up for our clients, so we look at any claim that could still be paid.

Prioritization

Our AR analysis team analyzes and follow up unpaid claims at high priority to ensure that none expire before we get a chance to process them. It is essential to file, process, and submit claims in a timely manner to make them reimbursable. With advanced analytical tools, we always stay afloat of the individual payer’s requirements and help you collect maximum revenue on return. We consistently follow up with each payer to recover your overdue payments and make your bottom line healthier. Our accounts receivable management solutions enable you to redirect your focus on your practice while ensuring that the owed amount is refunded fastly and accurately.

Priortization
Claim Correction and Resubmission

Claim Correction and Resubmission

Our dedicated taskforce doesn’t let a single claim get rejected, denied or underpaid. Our resources are even available to monitor your existing claim denials and rejections. Thus, they can identify the reasons that caused errors in order to eliminate them permanently from your revenue cycle management system. After appropriate corrections or clarifications, we take proper actions to appeal those claims recovery so the insurance or government payers reconsider the payment. This strategic approach will impact your practice’s financial stability in a significantly positive way. Once we streamline medical accounts receivable management, it becomes easier for healthcare providers to receive payments on time.

Patient Communication

If the AR team finds that the outstanding balance should be paid by the patient, we generate a report that is easy for them to understand and send it to them. If you would like us to also handle the direct interactions with your patients, we will do that too. Our reliable medical billing collection agency never let the uncollected patient collections slow down your healthcare revenue cycle management
We’ve found patients are much more likely to pay their bills if they understand the charges and agree with the amount due, so we help make everything clear and easy to understand. We’ll even take their phone calls and answer questions if you would like us to.

Patient Communication

AR Recovery Is One of Our Specialties

A tremendous amount of revenue is lost every year due to unpaid claims not being managed properly. We have a dedicated  recovery billing team that is extremely successful at getting reimbursements for what others consider “uncollectible.” It is well known in the collections industry that the longer a bill goes unpaid, the less likely it is to be paid—but rather than giving up on old AR recovery & bills. Our A R recovery services team takes that as our cue to take immediate action towards identifying and investigating every unpaid claim. Few medical AR medical billing services are willing to take on aging accounts receivable recovery solutions, or if they do, they want a high fee. Our system streamlines the process, allowing us to be efficient enough to work profitably on old AR Recoveries and low-value claims. These are some of the features of our AR recovery system.

Claims Pursued

All Claims Pursued:

Many billing companies avoid small claims recovery and those that have a lower likelihood of being paid, but not Medcare MSO. Our system’s efficiency allows us to attempt reimbursement for every claim.

Maximum Recovery possible

Prioritization For Maximum Recovery:

We prioritize claims to ensure that none expire unnecessarily, and the most efficient approach is taken to get the highest recovery possible.

Dedicated AR Recovery Team

Dedicated AR Recovery Services Team:

When we contract to assist with AR recovery, we assign a dedicated team of experienced medical billers to focus on AR follow-ups in medical billing & investigating every unpaid claim.

Successful Reimbursement

Pay Only For Successful Reimbursement:

Even though it is a lot of work for us to sort through all your unpaid claims, there is no risk of your losing money on old AR. We charge fees only as a small percentage of the amount recovered. If we are unsuccessful at recovering payment for a claim, you don’t pay us, so there is no risk to you.

recovery over 90%

Collection Ratios Over 90%:

Our well-experienced accounts receivable recovery services team has been able to consistently recover over 90% of claims going back as far as one year. That kind of revenue can easily make a big difference in the financial success of any kind of medical business.

Denial And Rejection

Appeal Rejections and Denials:

Most claim rejections and denials are the results of errors or omissions that are easily correctable by our expert billing team. Our accounts receivable management best practices enable you to identify and resolve complex issues with a high success rate.

Medcare MSO is an industry leader and trusted name in medical accounts receivable collections because we know how to get results. Our mastery of complex medical coding and AR management services sets us apart. But it’s our breadth of knowledge that allows us to shine. Our medical billing company successfully serves healthcare facilities of all types and sizes, and we specialize in medical billing for physicians, laboratories, radiology & imaging centers, and hospitals.

Are you looking for innovative solutions to get maximum cash in hand without compromising on patient care as well as without spending valuable resources? If so, then Medcare MSO is here to tackle all your financial challenges. Our AR recovery services experts don’t let uncollected revenue wipe out your revenue goals.

 Call or e-mail Medcare MSO today to see how we can help you.