Accounts Receivable Services
Thuriams Accounts Receivable Service saves Healthcare service providers valuable practice time and resources and focus on building core competencies.
Many healthcare providers have tried managing accounts receivables, in the process ended up mismanaging the whole thing, resulting in reduced cash flow and increased collection cost and negligence. Our account receivable service improves cash flow, reduces account receivables, increases collection ratios, and enhances customer relationships with timely Accounts Receivable Follow-Up Service.
Thuriam has invested in building cutting-edge technology and highly skilled workforce to provide best practice and service. Our professional approach and timely follow-up has increased the revenue to many healthcare providers. Call center executives meticulously follow patient records, analyze them, take up with the insurance companies, address and rectify the problem.
Account Receivable Service
 |
Receivable Analysis |
|
Payer Follow-up |
|
Denials Management |
|
Reporting |
|
Practice Analysis |
Account Receivable Process
Assessment Process:
Daily Insurance aging report is run and claims are analyzed. The analysis is done to identify:
|
Un-paid Claims |
|
Low Paid Claims |
|
Denied Claims |
|
Rejected Claims |
|
Claims not on file |
Analysis Process:
Our competent and knowledgeable professionals review each claim in each payor type to insure proper reimbursement to the healthcare provider. After the Claims are analyzed, steps are initiated based on the following:
Claims needing resubmission are checked for all necessary documents like Medical records, Referral, Authorization etc. and resubmitted.
Claims that need to be appealed for low payment, timely filing etc.
Separation of Denials.
Issue of instructions to the callers for follow-up to get the status.
Quality process
Quality audits are done at every stage and all accounts that are given for calling are closely monitored. Account receivables are tracked and documented properly.
Reports
The following reports are generated monthly or as per client's preference. Reports provide information on monthly collection and account receivable outstanding.
Software
Client has to provide the billing software.
Billing Rate
Charges for service are 4% of Monthly Bill.
To know more about Thuriams Account Receivable services or any other query do mail medical-bpo@thuriam.com |
