Accounts Receivable (AR)
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Accounts Receivable Service Overview
We understand the significance of effective accounts receivable management for healthcare practices. Our Accounts Receivable Service is designed to optimize your revenue cycle, reduce outstanding balances, and improve cash flow. Our experienced team and proactive approach help you stay on top of your accounts receivable, allowing you to focus on providing exceptional patient care.
Key Features of our Accounts Receivable service
ExperiencedA/R Specialists
Our team comprises skilled accounts receivable specialists with extensive experience in healthcare billing and collections. They possess the expertise needed to manage outstanding balances efficiently.
Timely Follow-Up on
Outstanding Claims
We proactively follow up on unpaid or underpaid claims with insurance companies and patients. Our team ensures that the necessary actions are taken promptly to expedite payment.
Insurance and
Patient Collections
We handle both insurance and patient collections, addressing outstanding balances from both parties and improving the chances of payment recovery.
Aging Report Analysis
Our team regularly analyzes y our accounts receivable aging report to identify and prioritize overdue accounts. This approach allows us to address high-priority accounts first and improve collections.
Frequently Asked Question
Unfortunately this is still a human to human process and humans make mistakes. While we obtain a lot of information electronically, we still need to speak to a live agent. We have often found that there are significant discrepancies between the information we receive through software (APIs), insurance portals, and speaking to a live agent. While the Verifybite team does it's best to unify this accurately, the system inherently is far from perfect. It is near impossible to guarantee 100% accuracy and we definitely hope that one day we will get there
Unfortunately such a world doesn't exist. Different insurance carriers provide different quantity and quality of data. We fetch the data through multiple different sources and provide to you in a standardized format. What's more, the data and the information is integrated with the 3 most common practice management softwares - OpenDental, EagleSoft, and Dentrix
Our turnaround time varies. It also depends on how quickly you need it done by. We split any verification requests (tickets) in two categories - 1. Emergency: If it's needed today or next business day 2. Non-emergency: Everything else. Our turn around time for emergency tickets is before and up to the patient's appointment time and for non-emergency tickets, it's latest 24 hours prior to the appointment. NOTE: We recommend that you send us tickets 1-2 weeks in advance as best practice
Monday-Friday: 9am-6pm CST Saturday: Closed Sunday: Closed
