AR Recovery Services

AR Recovery Servics

BilltexMD AR Recovery Services Maximize Revenue

BilltexMD provides a full spectrum of AR management services, specializing in recovering outstanding revenue from aged AR accounts surpassing 120 days. Our proven system is highly effective, even in cases previously considered lost causes.

Differing from many medical billing firms that include AR recovery in a full revenue cycle management package, BilltexMD provides AR medical billing recovery services as a standalone option. Rejecting a one-size-fits-all approach, we aim to tailor solutions to meet the unique needs of your business.

BilltexMD's 4-Part Strategy for AR Recovery

Our approach to managing aging AR accounts has evolved over the years, benefiting from our extensive experience in the field. The old AR recovery service we offer is distinguished by its streamlined methodology, renowned for its swiftness and high effectiveness.

Systematic Evaluation

When our AR team provides account recovery solutions to a new client, the initial step involves a comprehensive review of every unresolved claim. We identify claims that may have expired or are uncollectible for various reasons, ensuring that every potentially recoverable claim is addressed. Our approach goes beyond targeting high-dollar claims; we meticulously examine all claims, recognizing the cumulative impact of smaller amounts for our clients.

Prioritization

Prioritizing older unpaid claims, our team ensures timely processing to prevent expiration. Leveraging advanced analytical tools to reduce medical account receivables, we stay ahead of payer requirements to maximize revenue collection. With consistent follow-ups with payers, we actively recover overdue payments, allowing you to concentrate on your practice with confidence in our commitment to safeguarding your bottom line.

Claim Correction and Resubmission

Our dedicated taskforce ensures no claim is rejected, denied, or underpaid due to lack of follow-up. After making necessary corrections or clarifications, we appeal each of these claims to prompt reconsideration by insurance or government payers. Additionally, we closely monitor claim denials and rejections, identifying recurring causes to eliminate them permanently from your revenue cycle management system.

Patient Communication

When the AR team determines that the outstanding balance is the patient's responsibility, we generate a clear and understandable report and send it to them. If you prefer, we can also handle direct interactions with your patients. Unlike a collection agency, you can be confident that the communication with your patients will be handled professionally. We've observed that patients are more likely to settle their bills when charges are transparent, and they agree with the amount due. Hence, we assist in making everything clear and easy to understand. If desired, we can even handle phone calls and address questions on your behalf.

AR Recovery Is One of Our Specialties

All Claims Pursued

While many billing companies overlook small claims recovery and those with lower chances of payment, BilltexMD takes a different approach. Our system's efficiency enables us to minimize medical account receivables by seeking reimbursement for every claim, regardless of size or likelihood.

Maximum Recovery

We prioritize claims to prevent unnecessary expirations, employing the most efficient approach in medical recovery services to achieve the highest possible recovery.

Best AR Recovery Team

When engaged for AR recovery, we deploy a dedicated team of experienced medical billers specifically assigned to thoroughly investigate every claim within your AR

Pay Only For Successful Reimbursement

Despite the extensive effort required to review all your unpaid claims, there's no risk of losing money on old AR. Our fees are based on a small percentage of the amount successfully recovered. If we are unable to recover payment for a claim, there is no charge, ensuring there's no financial risk to you.

Achieving collection ratios exceeding 90%

With our highly experienced AR recovery services team, we have consistently achieved a recovery rate of over 90% for claims dating back up to one year. This significant recovery of revenue can have a substantial impact on the financial success of any type of medical business, showcasing the effectiveness of our recovery efforts.

Appeal Rejections and Denials:

The majority of claim rejections and denials stem from correctable errors or omissions, a task efficiently addressed by our medical recovery services. Even more intricate issues are identified and resolved with a high success rate, underscoring the effectiveness of our comprehensive approach to resolving billing challenges.

BilltexMD stands out as an industry leader and trusted entity in medical accounts receivable collections, demonstrating a proven ability to deliver results. Our expertise in intricate medical coding and AR management services distinguishes us, and it's our extensive knowledge that truly sets us apart. Catering to healthcare facilities of all sizes, our medical billing company specializes in serving physicians, laboratories, radiology & imaging centers, and hospitals.
Recognizing the challenge of maintaining a focus on patient care amidst financial concerns, we understand that dedicating time and energy to financial diagnosis can be taxing. If you find yourself navigating financial worries, enlisting the support of a professional medical billing company like BilltexMD may be the solution you need.

We assure your highest satisfaction with the fastest turnaround and premier medical billing services.