Accounts Receivable Management
Accounts Receivable in Medical Billing
Managing accounts receivable (AR) effectively is crucial for the financial health and sustainability of any healthcare practice. At Finnastra, we understand the complexities involved in medical billing and the importance of timely and accurate AR management. Our comprehensive accounts receivable services are designed to optimize your revenue cycle, reduce outstanding balances, and improve your cash flow.
Our Accounts Receivable Services Include
Claim Submission and Management
Efficient and accurate submission of claims to insurance companies and government programs.
Denial Management
Identification, analysis, and resolution of denied claims to recover lost revenue.
Payment Posting
Accurate posting of payments received from insurance companies and patients to maintain up-to-date accounts.
Patient Billing and Collections
Transparent and respectful communication with patients regarding their balances and payment options.
Aging Accounts Analysis
Regular review and analysis of aging accounts to identify and address overdue balances.
AR Follow-Up
Persistent follow-up on outstanding claims to ensure timely reimbursement.
Partner with Finnastra for Improved Cash Flow and Reduced AR Days
Efficient accounts receivable management is essential for the financial success of your healthcare practice. Partner with Finnastra to streamline your AR processes, enhance your revenue cycle, and focus more on delivering exceptional patient care.
Our Brochures
Revenue Cycle
Management
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Coding and documentation: train staff, improve documentation systems.
Prior Authorization
Crucial process in medical billing that involves obtaining approval from a payer (insurance company) before Rendering certain medical services.
Streamlined Plastic Surgery Billing
Expert billing professionals using the latest technology. • Robust compliance program. • End-to-end billing service reducing administrative burden.
Case Studies
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The physician is a medium sized medical practice specializing in Family Medicine
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The client for physician billing services is typically a healthcare provider.
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Covid-19 Testing, Results review, Billing Charges & Payment Posting
Why Choose Finnastra for Accounts Receivable Management?
Expertise in Medical Billing
Our team of experienced professionals specializes in medical billing and AR management. We stay updated with the latest industry standards and regulations to ensure your practice remains compliant and profitable.
Streamlined Processes
We utilize advanced technology and efficient workflows to streamline the AR process. This includes automated claim submission, real-time tracking, and proactive follow-up on unpaid claims.
Timely and Accurate Claim Submission
Accurate and timely claim submission is vital for reducing denials and delays. Our team ensures that all claims are submitted correctly the first time, minimizing the need for rework and follow-ups.
Proactive Follow-Up
We don’t just wait for payments; we actively pursue outstanding claims. Our dedicated follow-up team regularly contacts payers to resolve issues and expedite payment.
Comprehensive Reporting
Gain valuable insights into your AR status with our detailed reporting. We provide regular updates and customized reports to help you understand your financial performance and make informed decisions.
Patient Account Management
We handle patient billing and collections with professionalism and sensitivity. Our goal is to maintain positive patient relationships while ensuring timely payment of outstanding balances.
