ARs are the thermometer to measure your financial health. The lower the age of your ARs, the higher your cash flow and revenues.For more info visit us http://www.medicalbillingstar.com/accounts-receivables.html

1. Presented by,
Angomark, MedicalBillingStar

2. 
 How would you like your 0-30 days accounts
receivable (A/R) to be 80 % of your total A/R.
 Yes, it is possible, and the healthiest practices work
with this % as a long-term goal.
 Here are some areas you can stare at right now that
can rapidly boost your decreasing cash flow issue .
Steps To Improve

3.  This will instantly result in your claim
being processed within 30 days, and not
spontaneously push it to the 30-60 day
category.
 You're already in trouble if you are not
billing out daily.
 If your billing company does not do this
now, have a meeting with them, and ask
them to start this process with your
claims to get immediate outcomes.
Bill your claims regularly

4.  This is a easy solution, that you will
see results within a month or two
months.
 When your billing department
requests further documentation
either to process an original claim or
fulfil a denial or delay in payment
from the insurance claims company
 Is your staff getting back to them
within 24 hours ? If not, They should
be.
Handle documents needs from
your billing sector immediately

5. 
 It's no wonder a majority of you’re A/R
is in the 90+ category.
 If you are billing out on a monthly
basis, your claims are already in the 30-
60 day category.
 On top of that, you now have to wait
to hear back from the insurance
company , so your claims are now in
the 45-60 day category.
Thinking about the lifecycle of
a single claim

6.  If your billing department has requested papers and
your staffs is hearing on those requests because they're
too busy processing patients, now you've pushed the
claim out to the 75-90 day category.
 See how rapidly this can happen ?
 Filling your lobby and rooms with more patients is not
the long-term solution.

7.  Whether it is an internal billing department
or an outsourced firm, following up with
them in serious.
 Some concerns don't want to bother with
secondary claims because the yield is low.
Denials are also more work and need more
time with sometimes poor results.
 Following up with them as frequently as
possible — a minimum once a month is a
critical step in dropping you’re A/R.
Follow up with your billing
department

8.  Many plans have applications the
physician, nurse practitioner, or
physician assistant must fill out that
include their license number and
NPI.
 If your staff have not filled these
out, then you need to check to see if
your changes (write-offs) are due to
a physician not being on a specific
contract.
Are all of your practitioners on
your insurance contracts ?

9.  Blue Cross, Blue Shield, United Health Care, TriCare, and
Medicare, are just a few that require this certification.
 Some workers' compensation companies pay differently (up to
$10/ visit to $15/visit) for therapists who are considered in-
network versus out-of-network. It's really worth your time to
ask.
 By following these guidelines today, you can shorten the time
between seeing a patient and being paid for your services.
This will yield you the highest result in the shortest amount of
time.

10. 
For a healthier accounts receivables and
better AR calling services
Visit www.MedicalBillingStar.com
Thank You