Family Practice Account Receivable Services

Expert AR services for Family Practice and PCP Networks

Are overdue accounts receivable of 60, 90, or 120+ days a concern for your family practice clinic? Address these enduring billing issues effectively with our customized approach.

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Enhanced Capabilities: Elevating Family Practice Account Receivable Management

Specialized Proficiency : Boasting over eight years of specialized experience, our team is proficient in handling family practice accounts receivable with unparalleled expertise.

Advanced AI Integration : Utilizing cutting-edge AI technology, we streamline and expedite the accounts receivable process, significantly reducing the need for manual intervention.

Proactive Performance Monitoring : Our system offers immediate notifications for family practice accounts receivable that surpass set performance thresholds.

Outstanding Claim Settlement Success : We take pride in our exceptional 98% success rate in recovering overdue family practice accounts receivables, often settling them within a matter of weeks.



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Unique Obstacles in Family Practice Accounts Receivable Management

In family practice, the accounts receivable process frequently encounters setbacks, often stemming from inefficient communication between healthcare providers and insurance companies. Key complexities in managing family practice AR encompass:

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Inaccuracies in billing, particularly related to surgery-related charges.

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Challenges in substantiating the medical necessity of certain procedures.

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Complications arise from the provider credentialing procedures.

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Errors in detailing service locations and the types of facilities used.

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A lack of personnel proficient in managing accounts receivable effectively.

These issues can lead to inadequate interactions with insurers and subpar involvement, culminating in AR claims that remain unresolved for durations exceeding 30 days.

Our specialized knowledge is designed to adeptly navigate these intricate hurdles in family practice AR management.

Boost Income with Premier Family Practice Accounts Receivable Services

Unattended AR claims could mean substantial revenue dips for family practice practices, with losses averaging around $10,000 monthly. Our expert AR team excels in reclaiming these resources with exceptional efficiency.

Leverage our adept AR specialists to handle overdue accounts receivable.

Gain access to detailed daily, weekly, and monthly analyses from our leading AR professionals

Our services for family practice accounts receivable are flexible and tailored to suit your specific requirements.

Committed to diminishing your 60, 90, and 120+ day AR, enhancing the efficacy of collections.

Debunking a Prevalent Myth:

Despite the seemingly cost-effective nature of Electronic Health Records (EHRs), often charging as little as 2% of collections, they might overlook crucial AR operations such as eligibility verification and precise coding. Recognizing their comprehensive role beyond mere claim submission is vital!

In Search of Tangible Benefits? We're dedicated to converting pledges into measurable, concrete outcomes.

Utilizing MGMA Standards and Key Indicators for Optimal Family Practice Accounts Receivable Management

Our methodology integrates more than 7 Key Performance Indicators (KPIs) within an extensive framework of 15 KPIs, meticulously evaluating elements of Revenue Cycle Management (RCM), with a particular focus on AR services for family practice.

Benchmarks for Evaluating A/R Days:

35 or fewer A/R days = Optimal or Superior performance

35-50 A/R days = Median Performance

Understanding the repercussions of filing delays is crucial, as they can obstruct the settlement of pending AR. Accounts that prolong over 90 or 120+ days in AR markedly reduce the probability of successful claim recapture

Principal Metrics Comprise:

A/R Days

Gauges the mean duration for settling Accounts Receivables. Averages surpassing 50 days generally indicate subpar performance.

First Pass Resolution Rate (FPRR)

Assesses the rate of successfully resolving claims at their initial submission.

Gross Collection Rate (GCR)

Monitors the percentage of the total billed amounts that are effectively recovered.

Net Collection Rate (NCR)

Focuses on the ratio of collectible income that is actually secured.

Percentage of A/R Over 60 Days

Scrutinizes the fraction of Accounts Receivables that remain outstanding for more than 60 days.

Collections per Visit

Determines the average revenue accrued per patient appointment.

Contractual Variance

Examines the disparity between anticipated payment figures based on contracts and the actual amounts remitted.

CleAR - Elevating AR Operations with AI-Driven Automation

CleAR is transforming the landscape of Accounts Receivable management, converting unpredictability into streamlined efficiency. Our advanced AI-integrated solution enhances your collection strategies and reduces operational costs.

  • AI-Powered AR Data Examination and Categorization: Harness AI to swiftly pinpoint receivables with high default risks.
  • AI Voice Interface: Seamlessly interacts with insurance/payer automated systems to accelerate reaching human agents.
  • In-depth Reporting:Provides exhaustive reports, including Aged Trial Balance (ATB), Open Balance Report (OBR), and Denial Analysis.
  • Enhanced Security Protocols:Fortifies your AR management data with robust, layered security safeguards.
  • Enhanced Security Measures: Secures your AR management data with sophisticated, layered security protocols.
  • Team Optimization: Bolsters data transparency and coherence, promoting improved synergy across different departments.
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Augmenting Patient Engagement through Cutting-Edge Family Practice Account Receivable Services

Combine empathetic human touch with the precision of AI by incorporating our advanced family practice account receivable services with AI technology. This blend enhances patient involvement in managing their healthcare finances and mitigates the inconvenience of extended wait periods.

Comprehensive training programs by Billing Paradise, equipping staff with the skills and knowledge for efficient healthcare billing
  • Streamlined Patient Services:Our patient-focused AR team optimizes patient interactions and collection processes.
  • Enhanced Financial Communications: AI-enabled patient follow-ups and assistance boost the overall financial interaction for patients.
  • Automated Patient Statements: Comprehensive statements equipped with integrated collection features.
  • Tailored Payment Plan Support: Assists patients in identifying payment solutions compatible with their financial circumstances.

Advancing Patient Payment Processing through Sophisticated Automation

Revolutionize your patient payment collection methodology with our state-of-the-art automated system, ensuring greater clarity and improved decision-making capabilities. Seamlessly integrating with Electronic Health Records (EHR), our system automates the entirety of the collection process.

  • Increased Operational Efficiency: Streamlines payment protocols, saving valuable time and organizational resources.
  • Cost-Effective Administration: Enables the redistribution of resources towards more critical aspects of operations.
  • Stringent Data Security: Ensures the protection of patient data with top-tier electronic security measures.
  • Prompt Payment Incentives: Employs tailored reminders to foster on-time payments.
  • Clear Communication: Clarifies payment specifics to minimize patient confusion and the necessity for multiple calls and follow-ups.

Our Automated AI bots proficiently manage these routine tasks, interacting with patients at their preferred pace.

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

Enhance Team Efficiency with Advanced Voice AI Solutions

Our Voice AI innovation streamlines telephonic interactions, enabling your team to focus on critical tasks. Eliminate extended hold times and the intricacies of dealing with various health plans and payer phone systems.

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Enhance Your Team's Efficiency with Advanced Voice AI Capabilities.

Our Voice AI technology streamlines telephonic communications, allowing your staff to concentrate on essential functions. Bid farewell to extended waiting periods and the intricacies of navigating diverse health plans and payer telephone systems.

AutoDial

AutoDial

navigation

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.