Uploaded on Sep 10, 2020
Aging account receivables greatly impact the revenue cycle. It is of paramount importance to ensure that cash flow is seamless and streamlined through efficient processes. Prioritizing action and follow up in time barred denials is important to the financial health of entities. https://www.ecareindia.com/denial-management.html
Shorten the Accounts Receivables Cycle with Denial Management Service
Shorten the Accounts
Receivables Cycle with
Denial Management
Service
www.ecareindia.co
m
Aging account receivables greatly impact the revenue cycle.
It is of paramount importance to ensure that cash flow is seamless
and streamlined through efficient processes.
Prioritizing action and follow up in time barred denials is important
to the financial health of entities.
For an efficient workflow and improved financial prospects, it is
imperative to shorten the Accounts Receivables (AR).
We focus on the need for better denial management services to
maintain lower aging in AR.
Professionally managed
medical billing services utilize
efficient billing processes to
reduce the prospects of lost
reimbursements. Minimize the
This is effectively chances of losing
accomplished through an in-
depth analysis of the billing reimbursements
process.
The reasons for lost through better
reimbursements are tracked
and coded. processes
This helps in the design of
processes that prevent their
recurrence in the future.
This improves probability of
acceptance of claims in initial
submissions.
Preferring of A denied claim is
appeals against effectively not a conclusion.
claims that are The process of appeals
has to be handled
denied professionally.
The re-submission of documents needs to be
carried out with greater care, meeting all
requirements, and justifying re-submission.
The use of all available channels for liaison
post the submission of appeals is necessary
for early disposal.
Dedicated follow up to secure
missing records and dues
Another important aspect for shortening the AR is the need for dedicated
follow up.
Improper documentation needs to be corrected by securing missing documents
and information which can then be used for re-submission.
Dues receivable from various entities stand a greater chance of being cleared
faster with proper follow up.
Following up is a fine art of contacting at the right time, in the most conducive
manner for best results.
The maintenance of shorter AR is vital to the success of stakeholders in
healthcare.
The use of proven denial management services from professionally managed
billing specialists will ensure better financial health.
When processes are executed with greater efficiency, including the use of
advanced tools, average age of AR is kept under control.
This leads to a positive impact on revenue and leads to better maintenance
of the revenue cycle! .
THANKS
Do you have any
questions?
[email protected]
+1 813 666 0028
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