Our RCM services helps your business grow by fixing any issues in your revenue cycle management.
Our RCM services helps your business grow by fixing any issues in your revenue cycle management.
Get In Touch
Call Us
+1 731-326-2210
Email Us
info@psprcm.com
Address
105 S. Main St, Medina, TN 38355, United States.
Our specialized Accounts Receivable (AR) services are designed to optimize your practice's financial performance, allowing you to focus on what you do best
Comprehensive AR Services We Offer
Claims Submission and Follow-Ups
Our dedicated team ensures that all claims are accurately submitted and promptly followed up.
Accurate Claims Submission
Detailed review to ensure compliance with payer requirements.
Persistent Follow-Up
Continuous monitoring and follow-up on unpaid claims to secure timely payments.
Denial Management
Identifying and addressing reasons for denials to prevent recurrence.
Key Requirements for Effective AR Management
To ensure effective Accounts Receivable management, certain requirements must be met:
Accurate Data Entry
Precise entry of patient and billing information.
Efficient Communication
Clear communication channels between billing staff, insurers, and patients.
Technology Utilization
Using advanced analytical tools to streamline processes.
Facts about Accounts Receivable in Medical Billing
Industry Average: The average Accounts Receivable (AR) days in the healthcare industry is
approximately 40-60 days. Practices aiming for financial health should target less than 30 AR
days.
Denial Rates: Industry studies show that nearly 65% of denied claims are recoverable,
with 90%
being preventable.
Patient Responsibility: Patient balances now account for 30-40% of a healthcare
provider's
revenue, highlighting the importance of effective patient billing and collections.
Why Choose Us?
Our expert team leverages cutting-edge technology and industry best practices to ensure timely and accurate reimbursement.
Our team consists of professionals with extensive experience in medical billing and AR management.
We tailor our services to meet the unique needs of your practice, ensuring optimal results.
Our clients experience improved cash flow, reduced AR days, and increased patient satisfaction.
Join Us
Contact us today and learn how our RCM techniques can help your practice.
We are experts in medical billing, credentialing, and revenue cycle management. We always deliver on our promises.
Copyright © 2024 24-7 Consultancy all rights reserved.
