A/R Management
- Services
- A/R Management
- A/R Management
- Claim Preparation
- Coding Services
- Credentualing
- Denial Management
- Elec Data Interchange
- Elec/Paper Claim Submission
- Meaningful Use
- Patient Services
- Payment Posting
- Reporting
- Revenue Optimizer
Understanding A/R Management
In the realm of medical billing, Account Receivables (AR) represent the funds owed by patients for the services they have received. Efficient management of AR is vital for the financial health of every practice, as it reflects the practice’s capability to collect payments promptly. When AR increases over time, it signals a lapse in the collection process, indicating a need for immediate corrective action. By addressing these lapses promptly, a practice can maintain a steady cash flow and ensure its financial stability.
Comprehensive AR Services
Managing AR is a nuanced and multifaceted process. It involves a range of tasks, such as filing appeals, updating insurance contracts, addressing underpayments, managing deferred reimbursements, and handling bad debts. NBW Consultants excels in providing comprehensive AR management services, meticulously handling these critical functions to ensure the financial well-being of your practice. Our expertise and systematic approach help in minimizing delays and discrepancies, ensuring that every dollar owed is effectively collected.
Accelerating Payments
To expedite payments, it is essential to enhance the follow-up process on claims. NBW Consultants facilitates swift claim submissions, typically within 72 hours of the service being provided, thus promptly initiating the AR cycle. This efficient start significantly increases the likelihood of immediate payments, reducing the time between service delivery and payment receipt. Our dedicated AR follow-up team employs proactive and aggressive strategies, using various communication channels such as websites, fax, IVR, and phone to engage with insurance companies and optimize your collections. By maintaining consistent and effective communication, we ensure that claims are processed quickly and accurately.
Thorough Tracking and Reporting
NBW Consultants is committed to thorough tracking of unpaid claims and aged collections, which is crucial for strengthening the follow-up process and maximizing overall collections. We generate detailed reports for each payer, providing valuable insights into the activity within patient accounts. These reports enable practices to identify patterns, address issues promptly, and make informed decisions. Our approach ensures that every available tool and communication method is utilized to connect with insurance companies and secure your collections. Trust NBW Consultants to deliver meticulous and comprehensive AR management, enhancing the financial performance of your practice and ensuring its long-term success.
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