Remote Expert Solution’s AR Recovery Services Maximize Revenue
Remote Expert Solution offers a comprehensive range of AR 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 companies, who only offer AR recovery solutions as part of a revenue cycle management package, Remote Expert Solution offers AR medical billing recovery services as a standalone option. We don’t believe in a one-size-fits-all approach to healthcare receivable recovery solutions and want to meet the unique needs of your business.
Remote Expert Solution’s 4-Part Strategy for AR Recovery
Years of experience have shaped our approach to managing aging accounts receivable (AR). Our old AR recovery service is a streamlined, swift, and efficient solution honed over time.
Systematic Evaluation
When our AR team presents account recovery solutions to a new client, we initiate the process with a comprehensive review of all unresolved claims. While some claims may have expired or are deemed uncollectible for various reasons, we diligently identify every potentially recoverable claim and commence action on each one.
In this process, we go beyond targeting just the easily recoverable claims. Unlike many medical billing companies that focus solely on high-dollar claims in aging AR, we recognize the significance of even smaller amounts for our clients. Hence, we scrutinize every claim that still holds the possibility of payment.
Prioritization
Our team prioritizes the analysis of older unpaid claims to prevent any from expiring before processing. Leveraging advanced analytical tools, we proactively minimize medical account receivables, staying abreast of payers’ requirements to optimize revenue collection. We maintain consistent follow-up with each payer to recover overdue payments, allowing you to concentrate on your practice with confidence, knowing that we are safeguarding your bottom line.
Claim Correction and Resubmission
Our specialized taskforce ensures that no claim is overlooked, rejected, denied, or underpaid due to lack of follow-up. Upon making necessary corrections or clarifications, we initiate appeals for each claim to prompt reconsideration by insurance or government payers. Additionally, we meticulously track your claim denials and rejections, enabling us to pinpoint any recurring issues and implement permanent solutions within your revenue cycle management system.
Patient Communication
If our AR team determines that the outstanding balance is the responsibility of the patient, we generate a user-friendly report and send it directly to them. Additionally, if you prefer, we can handle direct interactions with your patients on your behalf. Rest assured, we are not a collection agency, so there’s no concern about sending the wrong message to your patients.
Our experience has shown that patients are more inclined to settle their bills when they comprehend the charges and agree with the amount owed. Therefore, we prioritize making all details clear and easily understandable. We’re even available to take their phone calls and address any inquiries if you wish.
AR Recovery Is One of Our Specialties
Every year, a significant amount of revenue is lost due to improperly managed unpaid claims. Our dedicated AR recovery team specializes in obtaining reimbursements for what others deem “uncollectible.” While it’s widely recognized in the collections industry that the longer a bill remains unpaid, the less likely it is to be paid, we don’t give up on old AR recovery and bills. Instead, we take immediate action to identify and investigate every unpaid claim. Unlike many medical AR billing services that shy away from aging AR, or demand high fees to handle them, our system is designed to streamline the process. This efficiency enables us to profitably work on old AR recoveries and low-value claims. These features highlight the effectiveness of our AR recovery system.
All Claims Pursued:
While many billing companies avoid small claims recovery and those with a lower likelihood of payment, Remote Expert Solution embraces them. Thanks to our system's efficiency, we can minimize medical account receivables by securing reimbursement for every claim.
Prioritization For Maximum Recovery:
We prioritize claims to prevent unnecessary expirations and employ the most efficient approach to medical recovery services, aiming for the highest possible recovery.
Dedicated AR Recovery Team:
When we engage in AR recovery assistance, we allocate a dedicated team of experienced medical billers to meticulously investigate every claim in your AR records.
Pay Only For Successful Reimbursement:
Although sorting through all your unpaid claims entails considerable effort on our part, there's no risk of losing money on old AR for you. Our fees are solely based on a small percentage of the amount recovered. In the event that we are unable to recover payment for a claim, you won't be charged, ensuring there is no risk to you.
Collection Ratios Over 90%:
Our exceptionally skilled AR recovery services team has consistently achieved a recovery rate of over 90% for claims dating back up to one year. This level of revenue recovery can significantly impact the financial success of any medical business.
Appeal Rejections and Denials:
The majority of claim rejections and denials stem from errors or omissions, which our medical recovery services easily correct. Even more complex issues are identified and resolved with a high success rate.
Remote Expert Solution 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.
We know it’s difficult to remain entirely focused on patient care when you’re worried about your bottom line. If you’re spending valuable time and energy trying to diagnose finances, then perhaps it’s time to enlist the aid of a professional medical billing company like Remote Expert Solution.