Understanding Accounts Receivable Workflow for Healthcare Providers
Accounts Receivable (AR) management focuses on tracking and collecting outstanding payments from insurance companies and patients. AR services include invoice generation, payment follow-ups, and denial resolution to ensure steady revenue flow for healthcare providers.
Generate invoices for patient visits and procedures. Submit claims to insurance payers.
Invoice Generation & Claim Submission
Payment Tracking & Reconciliations
Monitor incoming payments and outstanding balances. Match payments with billed amounts.
Identify unpaid or partially paid claims. Communicate with payers for resolution.
Generate AR performance reports. Ensure regulatory compliance in all billing practices.
Track overdue accounts and prioritize collection efforts. Optimize AR strategies based on data insights.
Send patient statements and follow up on unpaid balances. Offer payment plans if necessary.
Review denial reasons and correct errors. Resubmit claims for approval.
Follow-Up on Outstanding Claims
Aging Report Analysis
Denial Resolution & Resubmission
Financial Reporting & Compliance
Patient Billing & Collections
Our Success In Numbers
We are dealing with the clients since a long time
$125M+
Value of Claims Processed
Since 2019
99%
Total Revenue Collected
24
Accounts Receivable Days
48 Hours
Turn Around Time
1,000,000+
Number Of Claims Processed
99%
Customer Retention
98%
First Pass Clean Claim Rate
15-20%
Revenue Improvement
26 Days
Turn Around Time For Payment
35%
Reduction In Accounts Receivable
Accelerating Payments and Reducing Outstanding Balances
Efficient Management of Outstanding Claims and Payments
Accounts receivable (AR) management plays a crucial role in maintaining a healthy cash flow for healthcare providers. Studies show that nearly 30% of healthcare revenue is stuck in AR due to delayed payments and claim denials (Healthcare Financial Management Association, 2023). Our AR management services focus on reducing outstanding balances, improving collections, and ensuring timely reimbursements. We conduct thorough follow-ups on unpaid claims, resubmit denied claims with proper documentation, and negotiate with insurance payers to maximize reimbursements. By analyzing AR aging reports, we identify problematic trends and take proactive measures to resolve payment delays. Our team also works directly with patients to set up payment plans and resolve billing discrepancies, improving patient satisfaction and collection rates. Healthcare practices that integrate professional AR management services experience a 20% reduction in average AR days, leading to a faster revenue cycle and improved financial stability.
Optimizing Cash Flow Through Advanced AR Strategies
Reducing AR days and increasing cash flow requires a strategic approach that includes process optimization and data-driven decision-making. According to Becker’s Healthcare (2023), hospitals and clinics that implement structured AR workflows see a 15% increase in net collections and a 25% improvement in payment turnaround time. Our AR management solutions include automated reminders for overdue payments, claim status tracking, and detailed reporting on outstanding receivables. We work closely with providers to prioritize high-value claims and minimize revenue losses from aging accounts. By integrating predictive analytics, we help healthcare organizations forecast revenue trends, identify high-risk accounts, and develop customized collection strategies. Our goal is to ensure that providers receive their payments faster while reducing the administrative burden associated with chasing unpaid claims. With our AR services, healthcare organizations can achieve better financial outcomes, reduce write-offs, and maintain a steady cash flow for continued growth.
Call Us Now | +1 (323) 412-5399
Call Us Now | +1 (323) 412-5399
Reduces claim rejections and accelerates payment collections.
Minimizes revenue loss due to unpaid claims.
Enhances financial reporting and revenue tracking.
Streamlines patient billing and insurance payments.
BENEFITS OF AN EFFICIENT ACCOUNTS RECEIVABLE SERVICES
Improves cash flow by reducing outstanding balances.
Call Us Now | +1 (323) 412-5399
What Our Clients Say?
Evo Care Medical Billing has been a game-changer for our practice. Their expertise in Chronic Care Management (CCM) helped us significantly increase patient enrollments, resulting in an incredible 233% revenue growth within six months. Their team streamlined our workflow, improved patient engagement, and ensured compliance, making a lasting impact on our success. We highly recommend their services to any healthcare provider looking to optimize billing and patient care.
Diane Baucom- Chronic Care Manager - AIMS Florida
Earn more and get paid faster with Evocare Medical Billing's 24/7 services.
Evocare is a medical billing provider that integrates with your existing EHR system for streamlined processing.
We are honored to offer top-tier service with a 99% retention rate that sets us apart.
