Accounts Receivable Management
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- DIGI MEDIX
Comprehensive AR Management Services
Now-a-days, Account receivables management has become complicated. Knowing payer plans, patient co-pays, co-insurance agreements and more patients in high deductible health plans have increased complexities. Physicians need comprehensive strategies to help minimize reimbursement issues and accelerate cash flow.
DIGIMEDIX provides end-to-end Account receivables management services for busy physicians, clinics and hospitals. We have the technology, knowledge, and expertise to optimize your business performance.
As an established Healthcare RCM company, our proven collection procedure helps generate faster payments across the entire credit portfolio of your healthcare facility.
- DIGI MEDIX
Our Proven End-to-End Collection Procedure Helps Physicians To Generate Faster Payments And Increase Revenue
Charge Entry/Coding - We enter, check, review and place exact codes in this process
Payer/Insurance Follow-up and Self-pay follow-up - We do the follow-up process with the payer, insurance companies, and sometimes with patients
Receivables Analysis - We analyze and will take necessary steps about receivables
Denials Management - Our professionals who are quick to spot any errors in rejected claims and resubmit such claims without any delay
Collections Management - Our custom collection management helps your finance staff to identify exception items, track payments, and cash records for auditing
RCM Outsourcing Services Daily Workflow
Claim Submission
Submit claims to the insurance company
Status Tracking
Keep tracking the claim status
Identifying Denials
Analyzing and act upon denied claims
Follow-up
Connect with the insurance company or the patient
Re-submission
Re-submitting the corrected claims to the insurance company
Payment Received
Checking the status of resubmitted claims until paid
- DIGI MEDIX
Accounts Receivable : Services We Offer
Dependency on import of components
End-to-end medical billing services to maximize your revenue with faster and more accurate claims processing.
Mitigating Supply Chain Disruptions
Automated daily bank reconciliation process combining general ledger and patient accounting systems.
Engineering Quality for Sustainable Solutions
Comprehensive analysis to minimize bad debts and improve revenue cycle performance.
- Detailed aging reports and analysis of outstanding receivables
- Identification of patterns leading to bad debt accumulation
- Strategic recommendations to reduce future bad debt exposure
- Recovery strategies for existing bad debt accounts
Increase Local Content: A Strategic Imperative
Accurate analysis of account transactions for effective credit management and billing optimization.
The Resource Gap: A Barrier to Localization
Professional eligibility verification and authorization services to improve cash flow.
The Resource Gap: A Barrier to Localization
Comprehensive denial management process to minimize denials and maximize payment recovery.
Why DIGIMEDIX ?
All-in-One Service Provider
As an established Healthcare RCM Company, we provide all healthcare data services and solutions under one roof.
Quick Turnaround
We have strong and dedicated teams to keep faster turnaround time for our services. We work 24/7 to maintain our timeline promises.
Team of Experts
Our team members are trained, certified, well-experienced, and having excellent knowledge about all our healthcare data processes.
Compliances
We are 100% HIPAA Compliance and follows Federal and States Healthcare Information Management guidelines.
Security & Privacy
We implemented high level security throughout the process until delivered. We value the patients privacy and its important.
State-of-the-art Technologies
We use latest technology and its tools which are user-friendly for physicians and clinic administrators.
FAQ's on Accounts Receivable Outsourcing Services
What Is Accounts Receivable in Healthcare?
In the healthcare sector, the term accounts receivable is used to refer to the amount of money that a Payers and Patients owes to a healthcare provider. The balance which is due for payment within a year can thus be termed as accounts receivable.
What Is AR Calling in Medical Billing?
In terms of medical billing, AR calling refers to the communication which is carried out to get information on the outstanding claims from patients and the insurance provider. This helps to follow-up with the billing process and get the necessary information for successful billing.
How Do I Lower My AR in Medical Billing?
Lowering the time consumed in closing AR can significantly improve collections in the healthcare sector. This can be achieved by getting valuable insights from an AR analysis, better management of claim denials, and taking special care to reduce errors in the filing of claims.