Radiology Account Receivable Services

Dependable AR Services for Radiology and Imaging Practices

Are overdue accounts receivable of 60, 90, or more than 120 days burdening your radiology practice? Address these enduring and unsettled billing issues effectively with our customized approach.

Discover More

Radiology Account Receivable Services with Enhanced Capabilities

Concentrated Proficiency
Our team brings over eight years of specialized experience, mastering the intricacies of accounts receivable management in radiology.

Pioneering AI Integration
By harnessing cutting-edge AI technologies, we streamline and expedite the radiology accounts receivable cycle, significantly reducing the need for manual intervention.

Proactive Monitoring System
Our advanced system promptly notifies radiology accounts receivable that surpass established performance thresholds.

Outstanding Resolution Achievement
We boast an impressive 98% success rate in recouping funds from overdue radiology accounts, usually settling them within a brief period.



Quick Inquiry Form

Unique Obstacles in Radiology Accounts Receivable Management

Radiology accounts receivable management often encounters delays, typically rooted in inefficient exchanges between insurers and healthcare practitioners. Key hurdles in radiology AR encompass:

AR caller with security

Missteps in billing, especially related to radiology billing procedures.

insights ideas

Challenges in substantiating the medical necessity for specific treatments.

insights ideas

Complications arising from the provider credentialing process.

analyzing

Errors in denoting service locations and types of facilities.

automation calling

A scarcity of radiology accounts receivable staff with specialized training.

These issues can lead to suboptimal interactions with insurance carriers and diminished engagement, culminating in AR claims that remain unresolved for durations exceeding 30 days.

Our specialized knowledge is adeptly designed to navigate and resolve these intricate obstacles in Radiology AR management.

Boost Profits with Premier Radiology Account Receivable Services

Unattended AR claims can lead to considerable revenue deficits for radiology practices, averaging around $10,000 monthly. Our expert AR team is committed to reclaiming these lost funds with unparalleled proficiency.

  • Leverage our skilled AR specialists to handle overdue accounts receivable.
  • Gain access to in-depth daily, weekly, and monthly reports prepared by our elite AR supervisors.
  • Our radiology accounts receivable solutions are customizable and can be scaled to meet your practice's requirements.
  • Aiming to minimize your 60, 90, and 120+ day AR while enhancing the efficiency of collections.

Experience Tailored Support for Your Radiology AR Demands.

Clarifying a Widespread Myth:Although Electronic Health Records (EHRs) might seem to reduce costs, often charging as low as 2% of collections, they may overlook essential AR activities such as eligibility verification and precise coding. Recognizing their broader role beyond mere claim submission is vital!

In Search of Tangible Results? Our commitment is to convert promises into measurable, concrete outcomes.

Implementing MGMA Standards and Metrics for Superior Radiology Account Receivable Management

Our methodology integrates over 7 essential Key Performance Indicators (KPIs) within a broader set of 15 KPIs, meticulously reviewing components of Revenue Cycle Management (RCM) with a particular focus on AR management in radiology.

Benchmarks for Appraising A/R Days:

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

35-50 A/R days = Median Performance

“It's crucial to acknowledge the ramifications of submission delays, which can impede the resolution of pending AR. Accounts surpassing 90 or 120+ days in AR can notably decrease the probability of successful claim retrieval”

Principal Metrics Comprise:

A/R Days:

Calculates the mean duration for settling Accounts Receivables. Averages exceeding 50 days generally indicate subpar performance.

First Pass Resolution Rate (FPRR):

Gauges the efficiency of claim resolution upon initial submission.

Gross Collection Rate (GCR):

Monitors the ratio of the total billed sums that are effectively recovered.

Net Collection Rate (NCR):

Focuses on the fraction of recoverable revenue that is actually procured.

Percentage of A/R Over 60 Days:

Examines the segment of Accounts Receivables lingering unpaid for more than 60 days.

Collections per Visit:

Determines the mean revenue accrued per patient appointment.

Contractual Variance:

Probes the disparity between the anticipated payment figures as per contracts and the actual receipts.

CleAR - Enhancing AR Operations with Advanced AI-Powered Automation

CleAR is pioneering the transformation of Accounts Receivable management, converting unpredictability into streamlined efficacy. Our cutting-edge AI-infused solution elevates your collection mechanisms while minimizing expenses.

  • AI-Enhanced AR Data Evaluation and Categorization:Leverage AI to swiftly pinpoint receivables with heightened risk.
  • AI-Powered Voice Assistant: Seamlessly interacts with insurer/payer automated frameworks to quicken connections with human agents.
  • Exhaustive Reporting: Delivers comprehensive insights including Aged Trial Balance (ATB), Open Balance Report (OBR), and Denial Analysis.
  • Stringent Security Protocols: Ensures your AR management information is safeguarded through sophisticated, layered security protocols.
  • Collaborative Team Integration: Augments data transparency and coherence, promoting enriched teamwork across diverse units.
Get a Demo
Comprehensive training programs by Billing Paradise, equipping staff with the skills and knowledge for efficient healthcare billing

Advancing Patient Engagement with Cutting-Edge Radiology Accounts Receivable Solutions

Combine human empathy with AI precision by incorporating our expert radiology account receivable services with AI innovations. This blend promotes increased patient involvement in managing their health finances, alleviating the burden of lengthy delays.

  • Streamlined Patient Interactions: Our patient-focused AR team enhances communication and expedites the collection process.
  • Enhanced Financial Communication: AI-powered patient follow-ups and assistance improve the overall financial journey for patients.
  • Automated Patient Invoices: Comprehensive invoices with integrated collection features.
  • Personalized Payment Support: Offers patients tailored payment solutions suited to their financial circumstances.

Advancing Patient Payment Processes through Sophisticated Automation

Revolutionize your patient payment collections with our state-of-the-art automated system, fostering clarity and informed decision-making. Seamless integration with Electronic Health Records (EHR) automates and streamlines the collection workflow.

  • Increased Productivity: Streamlines payment operations, saving valuable time and resources.
  • Economical Operation: Our advanced system permits the redistribution of resources towards more critical tasks.
  • Superior Data Security: the confidentiality of patient data with top-tier electronic protection measures.
  • Timely Payment Incentives: Employs customized notifications to encourage prompt payments.
  • Transparent Communication: Clarifies payment specifics to minimize patient confusion and lessen the necessity for repeated inquiries and follow-ups.

Our Sophisticated AI bots manage these routine tasks, interacting with patients at their convenience.

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

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

Our Voice AI platform streamlines telephone communications, allowing your team to concentrate on primary responsibilities. Say goodbye to extended waiting periods and the complexities of navigating various 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.