Efficient AR Billing How Can Velan Healthcare Improve Your Ar Billing Efficiency?
Experience streamlined accounts receivable medical billing services tailored to your practice's needs. From claims management to denial resolution, we've got you covered. Contact us to elevate your revenue cycle today.
AR Services How Can Velan Healthcare Optimize Your Accounts Receivable Processes?
We at Velan Health Care Services are providing the best Accounts Receivable Medical billing Services in USA. Our services involve many sub-services such as managing the process of submitting, processing, and following up on claims with health insurance companies and many more. These services are dedicated to receive payment for services provided by healthcare providers.
Claim Submission
& Management
We at Velan, are efficiently preparing and submitting claims to insurance companies. For these services, we are also ensuring the accuracy and compliance with standard regulations.
Payment Posting
& Reconciliation
We are always focused on the recording and tracking payments received from insurance companies. We also ensure the patients, reconciling discrepancies, and updating patient accounts.
Denial Management & Appeals
We are expert in identifying and resolving claim denials and appealing rejected claims. With our these services, we are maximizing your reimbursement.
Patient Billing & Follow-Upn
We are generating the patient statements, managing inquiries, and following up on outstanding balances. We are doing everything for ensure timely payments.
Revenue Cycle Analysis
Again, we are expert in analyzing revenue cycle performance. We also handed in identifying the inefficiencies in codes, and implementing strategies. We do all of it to optimize the revenue flow.
Compliance & Regulatory Adherence
We are the abreast of evolving healthcare regulations. With our best of compliances, we are ensuring that billing practices comply with industry standards and legal requirements.
AR Billing Services How Can Velan Healthcare Optimize Your Accounts Receivable Processes?
Proactive Management
We are continually observing all your medical accounts payable and identify potential problems, which make us collect payments promptly from every insurance company. This involves duties like trails on delayed payment, resolution of issues in insurance billing, among other things.
Patient Communication
We deal with the patients on matters regarding medical bills. This encompasses sending of unambiguous and clear statements of bills, answering customer inquiries about their balances, making available flexible payment options and solving any issues related to billing.
Comprehensive Reporting
We offer a full range of comprehensive reports that can be tailored to meet your needs for medical accounts receivable. We monitor how quickly payments are collected, analyze the age of claims based on the payers type and track trends, in denied claims, for all services provided.
Ready to Transform Your Accounts Receivable? Schedule a Meeting Now!
Why Choose AR Billing? Why Opt For Accounts Receivable Medical Billing Services?
Maximized Reimbursements
This enables proper coding and claim submission that lead to reduced rejections and faster repayments.
Decreased Cash Write-Offs
Through efficient management of accounts receivable, we lower the risk of uncollectible invoices.
Higher Collection Percentage
Our employees handle unpaid bills and solve
discrepancies in billing records, thus improving the collection rate.
Billing Process Systematized
Our A/R services automate repetitive tasks while ensuring compliance with laws that are constantly changing.
Lower Administrative Hassles
By outsourcing, management of billing staff, payroll, and software related concerns are shifted elsewhere resulting in cost savings.
Better Productivity of the Staff
The internal team can then spend more time with patients and improve their level of satisfaction.
Reporting In Real Time
These A/R services have wide-ranging reports concerning major indicators that enable you to monitor performance and identify areas for improvement.
Minimization of Errors
Possibilities
To minimize errors in claim submission experienced A/R professionals ensure accurate coding.
Procedure
How Do We Ensure Top-Notch Medical Billing
Services?
Discover Our Strategy!
Initial Evaluation
- Unpaid Bills Review.
- Individual Claim Examination.
- Compliance Check.
- Unrecoverable Claims Identification.
- Accounts Receivable Analysis.
- Claim Reconciliation.
Analysis & Prioritizing
- Challenging Claims Assessment.
- Underpaid Claims Prioritization.
- Claim Investigation & Categorization.
- Underpayment Recovery Assessment.
- Urgency-Based Claim Prioritization.
- Recovery Strategy Development.
Collection
- Error Verification.
- Accuracy Assurance.
- Compliance Adherence.
- Payment Recording.
- Detailed Billing.
Overcoming AR Billing Hurdles How Do We Tackle AR Billing Challenges?
Complex Reimbursement LandscapeReimbursement Regulations Navigation
Denial Management SolutionsPrompt Claim Denial Resolution
Coding Accuracy and ComplianceAccurate Medical Coding Compliance
Prior Authorization HurdlesPrior Authorization Management
Timely Claims SubmissionTimely Claim Submission
Revenue Cycle OptimizationEfficient Revenue Cycle Analysis
Insurance Verification ChallengesInsurance Verification and Eligibility Issues
Payment Posting and ReconciliationPayment Posting Accuracy
Compliance AssuranceBilling Compliance Requirements
Credentials How Do Our AR Billing Services Comply With Industry Standards?
Are You Ready to Boost Your Revenue with Velan Healthcare's
Accounts Receivable Medical Billing Services?