Specialized Cardiology Account Receivable Services

Reliable AR Services for Cardiology

Is your cardiology practice grappling with accounts receivable that are overdue for 60, 90, or even over 120 days? Tackle these persistent and unresolved billing challenges with our tailored solution.

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Advanced Features: Advancing Cardiology Account Receivable Services

Focused Expertise: With more than eight years of dedicated experience, our team excels in the management of account receivable for cardiology.

Innovative AI Utilization: We employ state-of-the-art AI technology to refine and accelerate accounts receivable processes, drastically cutting down on manual labor.

Active Performance Tracking: Our system provides prompt alerts for cardiology accounts receivable that exceed predefined performance benchmarks.

Exceptional Claim Resolution Rate: We pride ourselves on achieving a remarkable 98% recovery rate on outstanding cardiology accounts receivables, typically resolving them within weeks

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Manage your AR cycle efficiently with AR Analyser. It is powerful and scalable



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Distinct Challenges in Managing Accounts Receivable for Cardiology

The management of accounts receivable within cardiology often faces delays, primarily due to ineffective communication between insurers and healthcare providers. The main difficulties encountered in cardiology AR include:

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Incorrect billing associated with various surgery billing

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Difficulty in justifying the medical necessity for certain treatments.

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Issues stemming from provider credentialing processes.

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Mistakes in specifying service locations and facility types.

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The shortage of adequately trained accounts receivable personnel.

Such challenges can result in poor communication with insurance companies and lackluster engagement, leading to unresolved AR claims for periods extending beyond 30 days.

Our expertise is tailored to effectively overcome these complex challenges in Cardiology AR management.

CleAR AI Accounts Receivable Automation Workflow

Enhance Earnings with Exceptional Cardiology Account Receivable Services

Neglected AR claims can result in significant monthly revenue losses for cardiology practices, approximately $10,000 on average. Our specialized AR team is dedicated to recovering these funds with unmatched efficiency.

  • Utilize our proficient AR experts to manage aged accounts receivable.
  • Receive comprehensive daily, weekly, and monthly reports from our top AR managers.
  • Our cardiology account receivable services are adaptable and scalable to your needs.
  • Focused on reducing your 60, 90, and 120+ day AR and increasing collection effectiveness.

Benefit from Customized Assistance for Your Cardiology AR Challenges.

Dispelling a Common Misconception:

While Electronic Health Records (EHRs) may appear cost-saving, often with fees as low as 2% of collections, they can miss critical AR tasks like eligibility checks and accurate coding. Understanding that their role goes beyond simple claim filing is crucial!

Looking for Concrete Outcomes? Our focus lies in transforming promises into tangible, quantifiable results.

Applying MGMA Benchmarks and KPIs for Effective Cardiology Account Receivable Services

Our approach incorporates over 7 Key Performance Indicators (KPIs) within a wider 15 KPI framework, thoroughly examining aspects of Revenue Cycle Management (RCM) with a special emphasis on AR services for cardiology.

Benchmarks for A/R Days Evaluation:

35 or fewer A/R days = Good or High performance

35-50 A/R days = Average Performance

It's vital to recognize the impact of filing delays, which can hinder the resolution of outstanding AR. Accounts extending beyond 90 or 120+ days in AR can significantly diminish the likelihood of successful claim recovery”

Key Metrics Include:

A/R Days

Measures the average time taken for Accounts Receivables to be settled. Averages above 50 days typically signify below-average performance.

First Pass Resolution Rate (FPRR):

Evaluates the effectiveness of resolving claims on their first submission.

Gross Collection Rate (GCR)

Tracks the percentage of total billed amounts that are successfully collected.

Net Collection Rate (NCR)

Concentrates on the proportion of collectible revenue acquired.

Percentage of A/R Over 60 Days

Analyzes the portion of Accounts Receivables outstanding for over 60 days.

Collections per Visit

Calculates the average revenue generated per patient visit.

Contractual Variance

Assesses the difference between expected payment amounts based on contracts and the actual payments received.

CleAR - Advancing AR Management with AI-Enhanced Automation

CleAR is revolutionizing the management of outstanding Accounts Receivable, transforming uncertainty into operational efficiency. Our sophisticated AI-powered solution optimizes your collection processes while cutting costs.

  • AI-Driven AR Data Analysis and Segmentation: - Utilize AI to quickly identify high-risk receivables.
  • AI Voice Assistant: - Efficiently navigates insurance/payer automated systems to expedite contact with live representatives.
  • Comprehensive Reporting: - Offers detailed reports including Aged Trial Balance (ATB), Open Balance Report (OBR), and Denial Analysis.
  • Robust Security: - Protects your AR management data with advanced, multi-level security measures.
  • Team Enhancement: - Improves data accessibility and clarity, fostering better collaboration among various departments.
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Empower Your Team with Advanced Voice AI Technology.

Our Voice AI system revolutionizes telephone engagements, allowing your staff to concentrate on essential tasks. It eliminates the delays and complexities of navigating various health plans and payer phone systems.

Comprehensive training programs by Billing Paradise, equipping staff with the skills and knowledge for efficient healthcare billing

Enhancing Patient Involvement with Advanced Cardiology Account Receivable Services

Merge human understanding with AI efficiency by integrating our specialized cardiology accounts receivable services with AI technologies. This approach fosters greater patient participation in their healthcare management, reducing the stress of long wait times.

  • Efficient Patient Services: - Our patient-centric AR team streamlines patient communication and collection efforts.
  • Improved Financial Interaction: - Detailed statements featuring built-in collection functionalities.
  • Automated Patient Statements: - Comprehensive statements equipped with integrated collection features.
  • Customized Payment Plan Assistance: - Helps patients find payment options that align with their financial needs.

Optimizing Patient Payment Collection with Advanced Automation

Transform your patient payment collection process with our automated system, enhancing transparency and decision-making. This is achieved through smooth integration with Electronic Health Records (EHR), automating the collection process.

  • Enhanced Efficiency: - Simplifies payment procedures, conserving time and resources.
  • Cost-Effective Management: - Our automated system allows the reallocation of resources to more essential operations.
  • Robust Data Protection: - Maintains the security of patient information with state-of-the-art electronic safeguards.
  • Prompt Payment Incentives: - Utilizes personalized reminders to promote timely payments.
  • Clear Communication: - Streamlines payment details to diminish patient confusion and reduce the need for repeated calls and follow-ups.

Our Automated AI bots efficiently manage these routine tasks, interacting with patients at a pace that suits their needs.

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Comprehensive training programs by Billing Paradise, equipping staff with the skills and knowledge for efficient healthcare billing

Boost Your Team's Productivity with Sophisticated Voice AI Technology.

Our Voice AI system simplifies phone interactions, enabling your team to focus on key tasks. Eliminate long wait times and the hassle of dealing with different health plans and payer phone systems.

Features Include

AutoDial

AutoDial

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Phone IVR Navigation

Record

Record

Transcribe

Transcribe

MultiCall

MultiCall

SmartHold

SmartHold

Connect

Agent Connect

Search

Search

Results that will make you woah!

51%

Reduction in Manual Work Hours

70%

Increase in Collections

98%

Decrease in AR

80%

Increase in Productivity

60%

Reduction in Bad Debts Write Off

Experienced Over 30+ EHRs, EMRs and PMS

We Adapt to your EHR as Migrating Data can be a Tedious Task

BillingParadise Credentials

Get paid Three times faster with our 24/7 medical billing services.

Work with medical billers who understand your EHR's billing process backwards and forwards

Avail Free RCM Audit Worth $2,000! Check out 19 different KPI reports that stops your cash flow.