Specialized Mental Health Account Receivable Services

Your Reliable AR Services for Mental Health

Are you facing challenges with accounts receivable in mental health that are over 60, 90, or even 120 days due? Tackle these persistent and unresolved AR matters effectively. We offer an innovative solution that integrates advanced AI technology with dedicated staff expertise, tailored to meet the unique requirements of mental health practices.

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Advanced Features: Distinguishing Our Mental Health Account Receivable Services

Focused Expertise

With over 8 years of specialized experience, our team excels in AR services for mental health

AI Integration and Automation

We employ top-tier AI solutions to automate and optimize AR processes, greatly minimizing manual workload

Effective Benchmarking Strategies

We provide proactive alerts for mental health accounts receivable that exceed set performance benchmarks

Exceptional Claim Resolution Success

Our team consistently achieves a remarkable 98% recovery rate on all pending mental health accounts receivables in a matter of weeks



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Distinctive Difficulties in Managing Account Receivable for Mental Health

Account Receivable for Mental Health often face delays due to less-than-ideal communication between insurers and healthcare practitioners. Common challenges in Mental Health AR management include:

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Incorrect billing practices for the level of therapies

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Difficulty in substantiating the medical necessity for certain procedures

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Issues related to provider credentialing processes

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Mistakes in identifying service locations and types of facilities

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Shortage of knowledgeable AR personnel

Such issues can result in missed communications from payers and insufficient engagement with insurance companies, leading to unresolved AR claims for periods extending beyond 30 days.

Our expert support is tailored to effectively tackle these complex Mental Health AR challenges.

CleAR AI Accounts Receivable Automation Workflow

Enhance Earnings with Exceptional mental health account receivable services

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

  • Employ our proficient AR experts to manage aged AR.
  • Receive comprehensive daily, weekly, and monthly reports from our top AR managers.
  • Our mental health AR services are adaptable and scalable to your needs.
  • Aimed at reducing your 60, 90, and 120+ day AR and increasing collection effectiveness.

Benefit from Customized Assistance for Your Mental Health 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 AR Management in Mental Health

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 mental health account receivable services

Benchmarks for Assessing A/R Days

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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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.

Key Features

AutoDial

AutoDial

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Phone IVR Navigation

Record

Record

Transcribe

Transcribe

MultiCall

MultiCall

SmartHold

SmartHold

Connect

Agent Connect

Search

Search

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

Enhancing Patient Involvement with Advanced Mental Health Account Receivable Services

Merge human understanding with AI efficiency by integrating our specialized account receivable for mental health with AI technologies. This blended 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 -AI-facilitated patient follow-ups and support elevate the overall financial experience for patients.
  • Automated Patient Statements - Detailed statements featuring built-in collection functionalities.
  • 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 Encouragement - Utilizes personalized reminders to promote timely payments.
  • Clarity in Communication - Streamlines payment details to diminish patient confusion and reduce the need for repeated calls and follow-ups.

Our Automated AI bots handle these regular activities, engaging with patients at a pace that suits them

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

Reducing Aged AR Build-up Due to Patient Demographic Inaccuracies

Approximately 35% of all delayed or rejected claims in aged or old AR stem from errors in patient information and insurance eligibility.

Combat these avoidable mistakes using our advanced patient insurance card reader and AI-powered verification system. Efficiently scan insurance cards from over 20,000 plan types and 4,000+ national carriers, confirming patient health insurance in a mere 5 seconds.

Features and Benefits

AI-Enhanced Insurance Card and ID Scanning

Enhances image quality for precise Optical Character Recognition (OCR), accurately extracting information from insurance cards and legal IDs, including eSignatures.

Quick Insurance Verification

Swiftly verifies patient copayments, plan limits, and eligibility, ensuring fast and precise insurance coverage assessments.

Customizable Intake Processes:

Adaptable forms and automated workflows streamline benefit verifications and authorizations, reducing the likelihood of errors and duplications.

Improved Patient and Provider Experience

Facilitates an efficient check-in procedure, clarifies financial obligations, and manages copayments and outstanding balances securely.

Boosted Staff Productivity

Decreases manual input and errors, leading to more effective administrative tasks and increased staff contentment.

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.