A/R Management

All the money that patients owe you for every service your practice is rendering and billing is termed as AR or account receivables. Every business’s goal is to maximize its AR collections, ensuring timely payments for their hard work. Likewise in medical practices, one of the most critical functions is to manage AR. If your AR is increasing over the period this means your practice is slacking in collection of co-payment. This indicates inefficient AR management of practice which needs to be corrected immediately. AR management unlike how simple it seems, goes all the way from filing appeals, insurance contract updates, dealing with underpayment by insurance companies, managing deferred reimbursements and dealing with bad debts or uncollectibles. Luckily Simplexmed can help you with all this. Simplexmed handles your accounts with utmost care, managing all critical functions in a manner that benefits your practice.In medical billing, to speed up the payment process the best practice is to enhance the function of follow-up on claims. Billing companies can help practices submit their claims as quick as within 72 hours after the services were rendered. Claim submission triggers the AR cycle. The quicker the process starts the fairer the chances are for immediate payments. Medical billing companies and medical billing software can help practices keep a track of unpaid claims and aged collections. This may help in strengthening the follow-up function and ensures maximum collections. Reports are generated for each and every payer to assess the activity in patient accounts. Dedicated AR follow-up team of Simplexmed believes in aggressive follow-up on all accounts with insurance companies. Simplexmed uses every possible tool like websites, fax, IVR and phone to get connected with insurance company and win your collections.