Accounts Receivable Management service is a key Revenue Cycle Management function for every hospital and healthcare provider and crucial for the stability and financial success of the medical practice. The main aspect of managing A/R recovery is to make sure the claims get paid and the patients pay the charges that are due. The survey states that as much as 25% of the patient services are unpaid and around 40% of claims are denied or not resubmitted, leading to a huge loss to the healthcare provider.
While consistent and effective A/R management is critical to ensure financial success, the changing industry regulations, and the complex reimbursement process make it difficult for the healthcare providers to collect the amount due to them. That is why it’s of utmost importance that the experts handle the A/R recovery and claim reimbursements.
Atlantic RCM ensures an authenticated and proven A/R recovery process that is highly effective in increasing recoveries, even from accounts that were passed off as bad debts. Atlantic supports your specific A/R recovery requirements and ensures quicker cash conversions and a reduction in bad-debts reserves. Our AR recovery services are meant to focus on all claims - small and big claims as well as well-aged claims. Atlantic constantly follows-up on each claim until the payment is resolved. This keen attention and commitment attributed to the claims processing lead to increased reimbursement for the medical practice.
Atlantic’s strategy for managing AR recovery has been developed through years of experience. A dedicated Accounts Receivable recovery team does a systematic evaluation and prioritizes each unresolved well-aged claim. The dedicated task force doesn’t let any claim unresolved, denied, or underpaid. They identify each error and undertake appropriate corrections and clarifications to resubmit the claims for reimbursements. The team then directly handles the interactions with the patients, to make everything clear and easy to understand.
Atlantic’s team works tirelessly to speed up payments, almost all throughout the day, hence improving the healthcare provider’s liquidity.
Atlantic’s system streamlines the AR management process, ensuring efficiency and profitability for the medical providers. Here are the benefits of utilizing Atlantic’s services.
Atlantic’s highly-experienced and dedicated AR recovery experts boasts of a highly successful collection ratio of unresolved and well-aged claims. High collection ratios make a huge difference to the financial standing of the medical practice.
Atlantic customizes the AR services to align with your payment models Our highly flexible protocols integrate seamlessly with your systems ensuring a better client relationship.
Atlantic focuses on all types of claims: small, big, new, old, and even those claims that have a less likelihood of being paid to expedite the reimbursement process. The experts attribute keen detailing to each claim to ensure they are effectively worked upon to achieve a 100% resolution.
Our 100% HIPAA compliance protocols guarantee that all the required security measures are in place and followed. Strict adherence to security protocols ensures absolute data security.
We understand that maintaining a healthy bottom line is essential to your practice. If you are spending a lot of your valuable time and energy behind these monotonous yet critical activities, it’s time to employ Atlantic services to have the most efficient financial model. To know more about AR recovery services, contact.