AR Management
Optimize Your AR Management Today
Every medical practice, from clinics to laboratories and hospitals, must manage receivable accounts meticulously through precise filing and thorough documentation. At MedRemits, we provide comprehensive revenue cycle management services to ensure timely reimbursement of every dollar.
Our dedicated team employs a methodical and strategic approach to oversee every facet of your revenue cycle management with unwavering commitment. We actively focus on minimizing operational costs and enhancing collection efficiency, maintaining stringent quality assurance. Moreover, we vigilantly monitor the aging balance of accounts, ensuring timely follow-up on all claims within 25-35 days of entry.
Regular Tracking
Strong Follow-up
Appeals Filing
Root Cause Analysis
One of the primary challenges in managing accounts receivable is ensuring timely payment of claims by both insurance providers and patients for any outstanding balances. According to a recent study by the Center for Medicare and Medicaid Services (CMS), only 70% of medical claims are initially paid upon submission. Alarmingly, 18 out of 30 claims are not resubmitted to payers for a second review, resulting in significant financial losses for healthcare facilities. MedRemits is dedicated to helping you transform these losses into profits by effectively managing financial leakage. Are you ready to take control of your revenue?
Your Practice Deserves Maximum Profitability
MedRemits offers a strategic approach to significantly reduce Accounts Receivable balances. We prevent potential revenue loss by diligently addressing aging balances. Consistent effort in this area can potentially boost your practice revenue by up to 20%. Your practice's financial health is our priority, and we are committed to maximizing its profitability.
