Sow the seeds for success: Outsource AR-Follow up and management.

1. Sow the seeds for success: Outsource AR-Follow up and management. Medical billing A/R (Account receivable) and the revenue cycle management handled by an in-house workforce is a thing of the past. In this expertise driven era, everything is outsourced to authorities of their respective fields. Account receivable follow-up & management is one of the chief driving forces pertaining to the cash flow. A strategy in place for AR follow up and management ensures physicians attain their business objectives. However, if a practitioner lacks the required skills it could very well affect the entire practice itself. Managing account receivable follow-up and the medical practice itself side by side can be a challenging task, no thanks to the federal government's constantly changing billing guidelines. How outsourcing account receivable services boosts your revenue: Account receivable management was often neglected in the past by medical practitioners. However, it's importance has come to the foray and it has become increasingly critical to manage AR and follow ups to effective revenue cycle management. Outsourcing is a great option to achieve these objectives. Account receivable follow-up: Once the claim is submitted to the insurance company, the partner billing company will always keep the track of the claims that exceed the limit of 30 days. The main objective of the AR management team is to recover the denials as soon as possible with regular AR follow-ups. In the case of underpayment or non-payments, they tend to take all the necessary steps to make it reimbursed, streamline your cash flow to help generate higher revenue for said practice.

2. Denial management: The first step us to figure out the error or the reason for the suffered denial. Assisting you to obtain quicker reimbursements. Denials demand great deal of attention and careful handling. Detailed analysis is performed to monitor and evaluate the errors and correct them in accordance to the stated guidelines. Statistics go on to show that about 10% of the total revenue is lost due to ineffective denial management. Patient follow-up: Patient follow ups are necessary to ensure the clearing of any pending balance that stands even after the claim is processed. Upon the refusal from the patient's end or feigning ignorance of a follow up, the AR team shall create a report of said balance and circumstances and transfer it to you for further action. This report enables you to have a vivid description of the entire process and a financial insight of your claim processing.

3. Bikham Healthcare pioneers in delivering services for account receivable management for medical billing. Our team helps you analyze your accounts receivable position and a status of denied and unpaid claims. The primary focus of our team is prompt follow-ups for outstanding claims and dues in an effective way. We strategically analyze every client's practice and employ specifically designed solutions to fit your needs. We believe it's our responsibility to improve your whole revenue cycle management system. Our medical billing agents and coding professionals are always up to date with the changes in current billing requirements and coding standards. This helps us effectively increase the revenue stream to help your practice flourish. 1.We analyze denied claims and non-payments. 2.We audit and re-submit the incorrect claims 3.We consistently communicate with Doctors, patients and insurance agencies. Moving on a strategically designed path to help your business/practice grow and flourish we make sure success is the only mantra we follow. We make sure our clients are paid swiftly, avoid and minimize further possibility of denials. Constantly providing you with expertise and proving our mettle as the foremost provider of account receivable follow-up services.