iSolve RCM

Efficient Accounts Receivable Management​ For Medical Practices

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Improve Financial Health with Our Accounts Receivable Management​

Account receivable management is a crucial aspect of every medical practice’s financial success. Without effective AR management, the financial health of the practice can suffer. At iSolve RCM, we have a team of trained medical billers, AR specialists, and coders who have a deep knowledge of the revenue cycle. They regularly review the claim status reports, pinpoint the underlying problem, and resolve it. The corrected claim is resubmitted as soon as possible after the issues are resolved in order to avoid further payment delays. Count on our trusted medical billing service for efficient and reliable accounts receivable management services.

Grow Your Practice Financial Growth with Our Updated Accounts Receivable Services

Reduce financial strain with our A/R management, which improves the cash flow and diverts the focus of your administrative staff to growth instead of tracking down payments. Our experts double-check for common errors to identify and correct them before claim submission. We do consistent follow-up that helps in recovering overdue payments, improving the overall health of your practice’s revenue cycle. We provide various accounts receivable services, which include the following:

Payment Posting

Missing or delayed posting can cause underpayments or denials. We have a team of trained payment posting specialists who work with electronic remittance advice and explanation of benefits to ensure accurate payment application. This quickly identifies the denials, which eventually lead to a fast resubmission process. 

Denial Management

Delayed denial follow-up? Lack of denial tracking and reporting? Or any other issue? We can fix it all. Our experts monitor ERAs/EOBs daily to find the denials. After finding the exact problem, they fix the error, add documents, and appeal it. We also monitor trends early to prevent future problems. Visit us today for efficient denial management services.

Appeals Management

Appeals management is necessary for recovering lost revenue. It also lets you take advantage of fixing coding errors, missing documents, or payer misunderstandings. We have a team of expert appeal specialists who are experienced in denial resolutions and provide reliable appeals management services.

AR Aging Report Analysis

At iSolve RCM, we have AR specialists who address issues such as overdue claims and payments so that they can be prioritized for follow-up and resolved. Our expert AR aging report analysis prevents claims from aging and maintains a steady revenue for your medical practice.
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Steps of Account Receivable Management

At iSolve RCM, we follow the 10 steps of effective Accounts Receivable Management:

  • Producing an AR aging report
  • Detecting the factors behind the pending claim 
  • Collecting all essential documents
  • Checking the insurer’s deadline for claim submission
  • Calling the payer for an update on the status 
  • Fixing coding errors and resubmitting the denied claims
  • Passing complex cases to a higher authority
  • Following up on pending appeals without delay
  • Reaching out to patients for balances
  • Tracking and examining claim denial patterns

Why Choose Us?

Choose iSolve RCM, one of the top medical billing companies, for affordable medical billing and consulting services.

  • 100% HIPAA-Compliant Medical Billing
  • Boost Revenue
  • Less than 1% Rejection
  • 99% Acceptance
  • No Hidden Fees
  • Enhance reimbursement outcomes
  • 24/7 Access
  • As low as 2.99% of monthly collections

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Why Choose iSolve RCM Accounts Receivable Management Solutions

  • Our constant follow-up quickly identifies unreceived claims and resubmits them to avoid underpayments. 
  • We communicate with patients in a friendly, professional manner, making balance discussions easier, encouraging quicker responses, and enhancing your practice’s reputation. 
  • Our accounts receivable outsourcing services help​ avoid unclaimed payments or claim denials, which can damage the reputation of your practice. 
  • We can recover revenue from even those accounts that are considered to be challenging ones, those accounts that have been delayed for over four months.
  • Optimizing AR management through our medical billing company has remarkably reduced AR days, increased cash flow, and improved the collection rate. 
  • Our AR experts have a deep understanding of payer rules, which allows them to quickly identify and correct errors to prevent denials. 
  • We use advanced technology that reduces turnaround times and speeds up the claim submission. 
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FAQ's

A process in which A/R specialists track, manage, and collect payments from insurance companies, ensuring that healthcare providers receive them more quickly for the services provided to the patient. This process is called accounts receivable management in healthcare. 

The main role of accounts receivable in healthcare is to ensure that healthcare providers receive the money from the insurance company for the services they have provided to patients. For this purpose, they constantly follow up on the unpaid claims, reduce A/R days, and more. 

Accounts receivable management can be divided into four categories:

  • Credit management
  • Billing and invoicing management
  • Collections management
  • Dispute and resolution management

Below are some key factors that can lead to a low accounts receivable turnover ratio:

  • Incomplete documentation
  • Ineffective follow-up management
  • Frequent claim denials 
  • Overdue claim submissions
  • Weak patient payment recovery policies.

Absolutely! At iSolve RCM, we provide fully HIPAA-compliant A/R management services to keep patients’ data safe and secure.