Skip to main content

Tips to Get Paid with Accounts Receivable Management -Avontix

The first thing any healthcare practice will want to get is the prompt payments for the services provided by it. But, it so happens that as much a healthcare provider wants to get paid promptly, there may arise issues that prevent insurance companies to deny or reject payments. 

There is no sure shot strategy to follow that will ensure that all the claims submitted are paid in full by the insurance companies. However, healthcare practices can minimize rejections and denials by managing efficiently their account receivables. Though it sounds a bit complex, it is much simpler when it is outsourced to medical billing companies like Avontix. Let us see some tips that can help in managing a healthcare facility’s accounts receivables.

Outsourcing: An experienced medical billing company can provide an effective and highly trained accounts receivable team that manages efficiently all the challenges in cash flow. It is the responsibility of the professionals in medical billing jobs to help you recover the payments owed as fast as possible. These professionals can analyze denied claims and do the follow-up with the patients and insurance companies for all the dues.

Be prompt: Follow-up on late payments as soon as noticed without waiting further is required for effective accounts receivables management. The more delay happens; the more difficult it gets to collect the dues. 

Insurance follow-up: Many healthcare providers lose their money because of their inability to follow-up on due claims. If there is lack of manpower or time to process the insurance claims appropriately the healthcare providers have the risk of losing a lot of money and time in re-submitting the denied or rejected claims. To avoid such circumstances, experts in medical billing jobs have systematic accounts receivable management processes that help to aggressively do the follow-up for all the accounts with the insurance companies and ensure faster settlement of claims.

Avontix is one of the best medical billing companies in Hyderabad that offers the best accounts receivable management solutions.

Post a Comment

Popular posts from this blog

That’s Hilarious! Funny Must-Read Medical Transcription Errors!

Doctors every now and then come across some very critical bloopers from medical transcriptionists. Some of these can be downright funny! It’s common for transcription errors to creep in for various reasons like the dictation might not be clear, too many medical terms stuffed in, or misunderstanding at the transcriptionist’s end. Medical transcriptionists vary in experience and skill and may not be well versed with some medical terms. Here is a compilation of some very funny transcription mistakes you could note to avoid being on the receiving end of the laughter! 

   ·"Eyes and nose continue to be within normal limits" (I & O).    ·"History of sick as hell disease" (sickle cell)    ·"She was a bitch and grinned" (a bit chagrined).    ·"The last day the patient took their meds was for beaver."  (forever).    ·“49 year old occasional male”(Caucasian male).    ·“Borderline respectable pancreatic cancer”. (Resectable).    ·“Patient is alert and orien…

Location isn’t a Matter for Coding and RCM -Avontix

The technological developments in the healthcare management industry have facilitated and increased the outsourcing of medical coding and RCM among many healthcare facilities. The healthcare facilities need not bother about from where the support for their RCM and medical coding jobs is coming from. What they need to think about is only if these service providers have the latest technology, training and subject expertise. These days most of the outsourcing companies are well equipped with high-speed internet connectivity, coding and RCM software with security features that make the importance of the location of the service provider negligible.
The lower reimbursement rates and diminishing margins are forcing the different healthcare facilities to think for ways to reduce costs. One of the best ways for hospitals and other facilities to minimize costs is outsourcing their medical coding jobs along with their revenue cycle management. The significant task for a hospital is to identify …

Healthcare Documentation – A Promising Career Option -Avontix

Picture courtesy:
With ever-changing legal and medical requirements, it is mandatory that all the procedures and processes performed by healthcare practitioners are recorded accurately not just for evidential purposes but for future references also. However, it is not possible for the physicians, nurses, and other healthcare professionals to keep documenting each and every process performed by them in a written format. Hence, physicians take advantage of the technological advancements and record the procedures performed by them in audio files using an electronic device. Although these can serve as records, it is not easy to comprehend a physician’s voice file when the information is required. So, these voice files are transcribed into electronic documents and this process of transcribing is called medical transcription or healthcare documentation.  
The voice files given by the physicians for healthcare documentation include their office visits, emergency room …