“Get Paid on-time, every time”

Accounts Receivable Management

The flow of cash is the main ingredient in running a business successfully. We at Bristol Healthcare Services are very much aware of it, and that is what propelled us into providing one of the comprehensive Accounts Receivable Management services.

 

Our AR Management service focuses on having our clients get paid for the claims by the payer so that the flow of cash will be punctilious. We make sure that no client of us go through the trouble of late payment.

Denial Management processing is quite a troublesome process that involves lots of paperwork and communication with multiple parties like patients and the insurance provider. However, We at Bristol Healthcare Services will ensure that this highly essential process doesn’t dent your operations.

Our Accounts Receivable Management Services

We offer the following solutions as part of our comprehensive Accounts Receivable Management for medical service.

Insurance Follow-up

The team here at Bristol Healthcare Services follow-up with the insurance companies to have them pay for the claims on time. We give that extra push to fasten up the overall process.

Patient Follow-up

We also follow-up with the patients to ensure that they have provided correct information regarding their insurance provider and other personal details such as name, date-of-birth, and others.

Denials Management

In the case of denial of a claim by the insurance company, our team will perform the required corrections to the claim and will make sure that the payment for the claim does not get denied by the payer.

Appeals

We will raise an appeal against the insurance company in case if there has been any discrepancy or request with regards to the claim. Our team will work with all the parties involved to have them cleared.

Credit Balance Reporting

When the insurance company overpays for the claim, a need for crediting the excess amount paid will arise. We will fill this credit balance on time on behalf of the healthcare service provider.

Old Account Receivables Clean-up Projects

Clearing of existing backlogs in the accounts receivable is essential to have a transparent billing mechanism. The expert team here will review and analyze the issues with old accounts and close them to ensure a faster flow of cash.

The Benefits Of Our AR Management Services

We offer the following solutions as part of our comprehensive Accounts Receivable Management for medical service.

Improved Self-pay collections

Improved Self-pay collections

Reduction in Compliance Risks

Reduction in Compliance Risks

Efficient Billing & Collection

Efficient Billing & Collection

Increase in Revenue

Increase in Revenue

Effective Reports & Analytics

Effective Reports & Analytics

Trimming in collection costs

Trimming in collection costs

The Process We Follow

We follow a 3 step process to have our clients get paid quickly

The first step involves the separation of claims as new and old with regards to the payer. This process will help to identify the claim and the insurance company, thereby making it easier for prioritizing

Once the claim is submitted, our team will follow up with the insurance companies on a regular basis to know the status of the claim. The follow-up methods we use are:

 

  • Online claims Follow up
  • Automated Claims Follow up
  • Live Call Follow up

Once the payer sends the claims' status, our team employs one of the below methods to find a resolution for the claim.

 

  • Claim Corrections
  • Updation of missing information
  • Resubmission of Claims
  • Moving to Patient balances if necessary
  • Requesting the client for any missing information