Account Receivable Management
Maximize Revenue with Skyshine’s Billing Expertise
At SkyShine Health Solutions, our Accounts Receivable (AR) Management Services are designed to optimize your practice’s financial health by accelerating cash flow, reducing outstanding balances, and minimizing claim denials. As a trusted medical billing company, we specialize in streamlining the accounts receivable process for healthcare providers, from solo practitioners to large hospitals. Our expert team uses advanced analytics, proactive follow-up, and industry expertise to ensure you collect every dollar owed, allowing you to focus on delivering exceptional patient care.
Effective AR management is critical to maintaining a healthy revenue cycle. Unresolved claims, delayed payments, and aging receivables can cripple your practice’s financial stability. Our comprehensive AR services tackle these challenges head-on, reducing days in AR and boosting your bottom line.
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Our AR Management Services
Claims Follow-Up and Resolution
Our dedicated team proactively tracks and resolves unpaid or underpaid claims to maximize collections.
What We Do:
Monitor claims status with Medicare, Medicaid, and commercial payers
Identify and address payment delays or discrepancies
Submit corrected claims and appeals for denials
Our rigorous follow-up process achieves a 90% resolution rate on outstanding claims.
Aging AR Recovery
We tackle aging receivables to recover revenue that might otherwise be written off. Our team prioritizes high-value claims and implements strategic recovery plans.
Our Approach:
Analyze AR aging reports to identify overdue accounts
Target claims over 30, 60, and 90 days
Recover payments through payer negotiations and appeals
Clients typically see a 25% increase in collections from aged accounts within 90 days.
Denial Management Integration
Denials are a major contributor to AR delays. Our AR services include robust denial management to prevent and resolve issues efficiently.
Key Features:
Root cause analysis to identify denial patterns
Appeals for unjust denials with a 90% success rate
Proactive strategies to prevent future denials
We reduce denial-related AR by up to 35%, ensuring faster reimbursements.
Patient AR and Collections
We streamline patient billing to improve collections while maintaining positive patient relationships.
Patient-Centric Solutions:
Clear, customized patient statements
Online payment portals with automated reminders
Flexible payment plans to reduce bad debt
Our approach boosts patient payment collections by up to 20%.
Analytics and Reporting
Our advanced analytics dashboard provides real-time insights into your AR performance, empowering data-driven decisions.
Reports Include:
Report Type | Insights Provided |
|---|---|
AR Aging | Breakdown of receivables by age (0-30, 31-60, 61+ days) |
Payer Performance | Payment trends and delays by payer |
Collection Metrics | Recovery rates and cash flow projections |
These actionable insights help you optimize operations and forecast revenue accurately.
Lets experience our medical billing services
Over 500+ medical practices trust Skyshine Health Solutions medical billing services company. So let’s have a chat.
Patient's insurance coverage verification on the spot.
HIPAA-compliant medical billing services for data safety.
24/7 medical billing services to handle every claim submission.
98% claim reimbursement rate for healthy cash flow.
Why You Should Choose Us?
Our medical billing experts dive deep into your healthcare RCM procedures with the aim of earning clients’ satisfaction as a result. With this vision, we offer the most cost-effective, highly efficient and reliable medical billing solutions to our clients.
From patient eligibility verification to claim submission, our expert medical billing specialists pay attention to fine details in practice management. We make sure that your hard-earned income never slips through the loopholes.
We empower healthcare practices with robust support and insightful medical billing services. We ensure 100% accuracy through our professional healthcare RCM services to claim payments. We boost revenue with precise, efficient billing services.
Account Receivables in Healthcare FAQs
An A/R backlog occurs when unpaid claims accumulate due to billing errors, claim denials, or delayed reimbursements. This backlog disrupts cash flow and threatens financial stability.
Denials happen due to billing or coding errors, eligibility verification issues, or incomplete benefit details. Skyshine ensures accurate submissions to reduce denials.
Accounts receivable management aims to minimize unpaid claims and backlogs. It ensures steady cash flow and financial health for medical practices.
Skyshine optimizes your revenue cycle by cutting denials, speeding up payments, and providing A/R insights. We save time and boost profitability.