Docto Bill AR Recovery Services Maximize Revenue
Unlike other medical billing companies, DOCTO BILL provides AR medical billing recovery services as a stand-alone option, rather than as part of a revenue cycle management package. We don’t believe in a one-size-fits-all approach to healthcare rehabilitation, and we want to tailor our programmes to your company’s particular requirements.
The 4-Piece Recovery Strategy for Healthcare Accounts Receivables from DOCTO BILL. Years of experience have helped us build a plan for handling ageing AR accounts. We use a streamlined method that is both quick and effective.
Docto Bill 4-Part Strategy for Healthcare Account Receivables Recovery Services
Our strategy for managing aging AR accounts has been developed through years of experience. We have a streamlined approach that is both fast and effective.
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Systematic Evaluation
In this phase, we’re not just searching for “low-hanging fruit.” Many medical accounts receivables recovery agencies just search for high-dollar medical claims billing in aged AR, but we know how easily smaller sums add up for our clients, so we look for any claim that may still be charged.
Prioritization
Claim Correction and Resubmission
Patient Communication
We’ve learned that patients are much more likely to pay their bills if they understand the charges and settle on the amount owed, so we aim to make it as straightforward as possible. If you want us to, we can also take their calls and answer their questions
AR Recovery Is One of Our Specialties
Every year, a significant sum of money is lost due to improperly handled unpaid claims. We have a dedicated AR recovery team that has a high success rate in securing reimbursements for claims that some consider “uncollectible.”
It’s common knowledge in the collections industry that the longer a bill remains unpaid, the less likely it is to be paid but rather than abandoning old AR recovery and bills, we’ve decided to take a different approach. Our AR recovery team interprets this as a signal to begin finding and reviewing all unpaid claims right away.
Few medical AR billing systems will take on aged AR, and if they do, they will demand a high fee. Our framework streamlines the operation, enabling us to operate on old AR Recoveries and low-value claims profitably. These are a few of the characteristics of our AR recovery system.
All claims pursued:
• Many billing firms avoid small claims reimbursement and claims with a poor chance of being compensated, but DOCTO BILL does not. Because of the reliability of our method, we are able and try to reimburse each demand.
Prioritization for maximum recovery:
We prioritise claims to ensure that none are lost to the system unnecessarily, and we use the most effective method to achieve the maximum possible recovery.
Dedicated AR recovery team:
We appoint a dedicated team of professional medical billers to investigate any claim in your AR records when we contract to help with AR recovery.
Pay only for successful reimbursement:
Despite the fact that going through all of your outstanding claims is a lot of work for us, there’s no chance of you losing money on old AR. We just take a small portion of the money we get back as a fee. There is no danger to you if we are unable to recover reimbursement for a claim.
Collection ratios over 90%:
Our accounts receivable recovery services team has reliably recovered over 90% of claims dating back a year. That kind of revenue can easily make or break a medical practice’s financial performance.
Appeal rejections and denials:
The majority of claim rejections and denials are due to billing mistakes or omissions that our professional billing staff can quickly fix. Complex problems are also found and addressed with a high rate of success.
Since we know how to get results, DOCTO BILL is a market pioneer and trusted brand in medical accounts receivable collections. We stand out because of our knowledge of complex medical coding and AR management services. Our ability to shine, however, is due to our depth of knowledge. We specialise in medical billing for doctors, clinics, radiology & imaging centres, and hospitals, and our medical billing company effectively services healthcare facilities of all styles and sizes.
When you’re concerned about the bottom line, it’s difficult to stay fully focused on patient care. If you’re wasting time and money trying to sort out your finances, DOCTO BILL will help.