ANR Medical Billing Company has vast experience in streamlining and maintaining the accounts receivable process for healthcare providers. Over the past 15 years, we have continuously served and helped healthcare practices assess financial and credit history, set up strict and clear payment terms, online invoicing, and provide patients and insurance payers with different payment methods to strengthen their collections.
Our AI-assisted medical accounts receivable is a structured approach that healthcare providers may use to receive their payments within a designated time without going through appeals, back-and-forth communication, etc. Outsourcing our AR management services in Connecticut maximizes cash flow twofold while reducing the revenue collection time frame by half. This is why over 1000 providers trust us and choose us as a preferred option for their busy hospitals, clinics, pharmacies, radiology and diagnostic labs, and other healthcare facilities. Outsourcing our RCM services will strengthen your earnings and reduce any overhead costs on additional staff hiring to recover past dues from patients and insurance companies.
Our AR follow-up process entails the following steps:
Account follow-up managers create and send invoices to patients for medical care services, including consultation, treatment, medication, and medical devices.
Our team offers round-the-clock monitoring of outstanding payments. We update financial records for incoming payments and provide daily reports.
After discharge, we contact patients via call, text, email, and mail with follow-up reminders for overdue balances.
Accounts with past dues over 30 days are given to dedicated recovery managers for evaluation and recovery strategies through consistent reminders and calls.
All incoming payments via cash, cheques, or electronic transfers are processed and reconciled against dues, and providers are informed.
Funds received from patients and insurance companies are applied to accounts, marking them as paid if not overdue.
Advanced billing software and team identify and resolve financial discrepancies, incomplete payments, and billing issues with patients or insurers.
Revenue collection efforts focus on aging overdue accounts of more than 60 days to recover outstanding balances.
Account receivable managers provide periodic financial performance reports summarizing AR follow-up status for providers.
Live online AR reporting dashboard updates healthcare practitioners regularly on aging accounts owed from 60, 90, or 120 days.
Outsourcing our accounts receivable services allows providers to quickly access a digital dashboard to see the receivables' status or past due amounts. This provides real-time access in the least time-consuming manner.
We track every claim submitted to insurance payers to determine the amount paid and outstanding dues. We reconcile every claim amount paid to ensure accuracy and up-to-date records.
Leveraging the latest billing software, we automate the entire revenue cycle and workflow, providing direct and full access/visibility to daily claim submission, tracking, past dues timeline, proof of payments, and patient remaining dues.
Our expert team helps providers resolve disputes through consistent contact with patients via email, text, calls, and mail. We adapt collection strategies based on the results.
Our billing managers help healthcare practices identify areas causing revenue leakages, such as incorrect claim information, inadequate follow-up, and billing or coding flaws, enabling you to develop better strategies.
Our AR specialists regularly create detailed reports on aging past dues, cash flow forecasting, transaction records, and bad debts, keeping you informed about financial risks and business status.
Our medical billing and AR management staff is expert in a range of accounts receivable tools, such as Melio, YayPay, Sage Intacct, SoftLedger, Hyland Solutions, Oracle NetSuite, Dynavistics Collect-it, Anytime Collect, etc.
Our most advanced medical billing solutions are offered to all medical specialties across the state and include famous cities like:
SERVING BRIDGEPORT AND SURROUNDING COMMUNITIES
