AR in Medical Billing
Accounts Receivable (AR) Management
Any payments due from payers, or other guarantors are considered AR in medical billing. It is crucial for healthcare providers and private practices to track the claims they submit to insurance companies to optimize revenue recovery and increase the revenue. The goal of AR in medical billing is to achieve the shortest collection period possible.
ABC follow-up on the claims in 30 working days from the claim submission date
- Claims never go missing
- Minimize time for outstanding accounts
- Shrink account receivables by 45 – 60 days
- Claim denials can be followed up
- Helps in recovering overdue payments
- Recovering claims kept pending for information
AR Follow-up and analysis process
Account receivable team regularly follows-up with the insurance company to know the claim status on the 30th day from the claim submitted date
