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The number of services physicians, hospitals, and clinics are continuously increasing. Every time patients receive treatment, they owe a certain billable amount to the treatment centers or physicians. Thus giving rise to medical billing follow-up. Effective medical billing services or the subsequent insurance model assists medical practices in recovering the overdue payments from the insurance company, and that too on time.
Most billing specialists systematically perform the A/R follow-up. It usually spans three stages, including the following:
Most provider companies’ most significant challenge is healthcare billing follow-up or A/R management.
But why is A/R important? Below are some of the common/popular reasons, including:
Do you need assistance with A/R follow-up?
Even though A/R follow-up is essential to healthcare billing, most providers can only leverage its true power partially, as they lack the necessary skills.
Medical billing follow-up requires experienced and skillful workforce who can handle specialty-wise billing operations. Your billing follow-up team must also be experienced in dealing with specific insurance providers. If hiring and onboarding a skillful A/R expert is not possible, your practice can always outsource billing operations to a third-party billing company.
The A/R team in a medical billing organization is responsible for taking care of the denied claims and even reopening those to receive maximum reimbursements from insurance companies.
Accuracy is the key facet of a medical billing process. Accuracy in billing is vital for ensuring that the customers are adequately charged. Furthermore, the accuracy of medical billing services also calls on correctly recording all transactions.
The A/R billing follow-up process is solely responsible for handling rejected/denied claims. Equally important is that your A/R team is also accountable for refiling such claims.
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