AR Recovery Services
Welcome to
AR Recovery Services
MedBridge LLC is a leading provider of medical billing services and accounts receivable (AR) recovery solutions tailored for healthcare professionals and organizations. Our expert team works seamlessly with medical practices, hospitals, and healthcare facilities to streamline billing processes, accelerate claim payments, and ensure maximum revenue recovery.
With years of industry experience, we specialize in handling complex billing and AR recovery challenges. We focus on reducing claim denials, following up on unpaid claims, and ensuring timely payment resolution. Our solutions are designed to improve cash flow, reduce administrative overhead, and help healthcare providers focus on patient care rather than revenue cycle management.
Case Study Results
Systematically increasing revenue with effective claims management
Med Bridge LLC 4-Part Strategy for AR Recovery
Our strategy for managing aging AR accounts has been developed through years of experience. Our old AR recovery service is a streamlined approach that is both fast and effective.
Systematic Evaluation
When our AR team offers account recovery solutions to a new client, the first step is a thorough review of every unresolved claim. There may be some that have expired or are not collectable for some other reason, but we find every one that can possibly be recovered and get to work on it.
We aren’t just looking for the “low hanging fruit” in this process. Many medical billing companies only look for high dollar claims in aging AR, but we know how fast the smaller amounts add up for our clients, so we look at any claim that could still be paid.
Prioritization
Our team analyzes older unpaid claims as a high priority to ensure that none expire before we get a chance to process them. Using advanced analytical tools to minimize medical account receivables, we stay ahead of the payers’ requirements to help you collect the maximum revenue possible. We consistently follow up with each payer to recover your overdue payments so you can focus on your practice, knowing that we are looking after your bottom line.
Claim Correction and Resubmission
Our dedicated taskforce doesn’t let a single claim be rejected, denied or underpaid due to lack of follow-up. After the appropriate corrections or clarifications are made, we appeal each of those claims so the insurance or government payer will reconsider the payment. We also monitor your claim denials and rejections, so we can identify any recurring causes and eliminate them permanently from your revenue cycle management system.
Patient Communication
If the AR team finds that the outstanding balance should be paid by the patient, we generate a report that is easy for them to understand and send it to them. If you would like us to also handle the direct interactions with your patients, we will do that too. We aren’t a collection agency, so you don’t have to worry about sending the wrong message to your patients. We’ve found patients are much more likely to pay their bills if they understand the charges and agree with the amount due, so we help make everything clear and easy to understand. We’ll even take their phone calls and answer questions if you would like us to.
AR Recovery Is One of Our Specialties
A tremendous amount of revenue is lost every year due to unpaid claims not being managed properly. We have a dedicated AR recovery team that is extremely successful at getting reimbursements for what others consider “uncollectible.” It is well known in the collections industry that the longer a bill goes unpaid, the less likely it is to be paid—but rather than giving up on old AR recovery & bills. Our account Receivable recovery services team takes that as our cue to take immediate action towards identifying and investigating every unpaid claim. Few medical AR billing services are willing to take an aging AR, or if they do, they want a high fee. Our system streamlines the process, allowing us to be efficient enough to work profitably on old AR Recoveries and low-value claims. These are some of the features of our AR recovery system.
Our AR Recovery Services Features
Timely Claim Submission
Within 48-hours of receipt of patient encounter forms (either in paper or electronically), we process and submit claims to the insurance company.
Claim Scrubbing
Claims sent to insurance companies with incomplete information are denied. Re-filing is a time consuming and a labor intensive process. Med Bridge scrubs the claims to ensure that all relevant information for processing is included. All incomplete information is followed up with the practice. If claims have to be re-filed, we will do so at its own cost at no charge to the client.
Charge Entry
Claims received from your practice are entered into billing software for further processing. We guarantee an accuracy of over 99% within a 24-hour time frame of receipt by automating your billing flow, perfect handling of patient data, service eligibility check, and fast communication with the insurance carriers.
Insurance & Denial
Claims not paid beyond a certain date are flagged and followed up on to ensure collection. Med Bridge follows up with each insurance company based on their specific payment schedules. We strive to keep your 60-day outstanding accounts receivable below 20%, and 120-day accounts receivable below 10%.
Payment Posting
Med Bridge enters all explanations of benefits, patient payments, and insurance payments into our billing software to maintain accurate accounts receivable.
Patient Statement
We send out customized statements to patients with balances due on their accounts.
Maximize Productivity
Support your staff’s entire practice workflow including managing patients, uploading documents and sending secure messages.
Reporting
The doctor in your practice will be provided with a weekly practice scorecard. The scorecard will contain details of revenue booked, revenue collected, revenue outstanding etc. Ad hoc reporting can also be provided as needed.
Call or Email Med Bridge LLC Today to See How We Can Help You.
Schedule a free Demo
A member of our team will get in touch with you in 12 hours.
Call Us AT
(888) 378-7709