Ensure every claim is paid promptly

Maximize payment efficiency with CRMBS AR Claim Follow-Up Services.

Q: What steps are involved in effective ARM?

⦿ Credit control: Setting clear credit terms and creditworthiness assessments. ⦿ Accurate invoicing: Sending clear and timely invoices with payment details. ⦿ Early payment incentives: Offering discounts or rewards for prompt payments. ⦿ Follow-up communication: Polite but persistent reminders through phone, email, or online portal. ⦿ Escalation procedures: Implementing graded collection strategies for delinquent accounts. ⦿ Reporting and analysis: Monitoring key metrics and adjusting strategies for optimal results.

Q: What are the common challenges in ARM and How can these challenges be addressed?

Challenges:- ⦿ Late payments and delinquent accounts. ⦿ Inefficient processes and manual workloads. ⦿ Lack of communication and transparency with customers. ⦿ Maintaining positive customer relationships while collecting late payments. Solutions:- ⦿ Investing in AR automation tools and technology. ⦿ Implementing clear and transparent communication protocols with customers. ⦿ Providing flexible payment options and early payment incentives. ⦿ Training staff on effective communication and collection techniques.

Ensure a 25% upswing in the collection and a remarkable increase in the practice health growth ratio.

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Convert AR Backlog into a cash opportunity

Claims Follow Up & AR Management

Outsource your account receivable with Care Imbursement as we aware of this how much account receivable plays an important role to the medical practice to be successful and increase revenue. When you entrust your accounts receivable services to us, we assure a 97% success rate for clean claims on initial submission, expeditious reimbursements, and a notable reduction in denials. Our meticulous follow-up on outstanding claims greatly decreases the time frame of the processing, improves productivity, and boosts revenue collection for our clients.

Opting for Care Reimbursement Medical Billing Solutions ensures a remarkable 25% upswing in collections, stimulating your healthcare establishment with consistently improved financial performance. Our team remains accessible 24/7 to assist you with any billing inquiries or concerns that may arise.

Claim Follow Up & Accounts Receivable Process

Optimize your cash flow and financial performance with our timely and precise healthcare accounts receivable services

Claims Filing

Tracking Status

Identifying Denial Causes

Claims Filing

Tracking Status

Identifying Denial Causes

Following-up

Refiling

Final Payment

Refiling

Final Payment

Why you should outsource Claims Follow-Up & Account Receivable services to CRMBS?

Our specialized AR team provides claims recovery services to deal with multiple specialties, we believe in growing with the client’s practice financials and always focus to take actions on affected accounts to maintain the practice growth.

Pro-Active A/R Follow-up
Faster claims processing and resolution
Expertise in Physician and Hospital A/R
Higher collections by 7% / lower AR days by 20%
Reduced cost related to A/R follow-ups by 30%
Clear and transparent reporting
Enhance Cash Flow with Pro-Active approach
Reduction in Bad-Debt Reserves
Successful Collection Ratio

Get A Free Quote

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Medical Billing for all Specialties

Our dedicated team has fair enough knowledge of billing codes of different specialties and keeps their knowledge up to date with the latest changes to avoid denials and ensure a smoother billing process for your patients & better revenue for your health care services.

We offer medical billing for the following specialties:

Outsource healthcare Accounts Receivable and enjoy swift reimbursements and exceptional financial management today!

Account Receivable Management FAQ's

What is accounts receivable management (ARM)?

⦿ ARM involves the strategies and processes used to collect outstanding payments owed by customers.
⦿ It ensures healthy cash flow and maintains positive relationships with clients.

Why is effective ARM important?

⦿ Improves cash flow and short-term liquidity.
⦿ Reduces bad debt and financial risks.
⦿ Protects business profitability and growth.
⦿ Maintains customer relationships through efficient and respectful communication.

What steps are involved in effective ARM?

⦿ Credit control:
Setting clear credit terms and creditworthiness assessments.
⦿ Accurate invoicing:
Sending clear and timely invoices with payment details.
⦿ Early payment incentives:
Offering discounts or rewards for prompt payments.
⦿ Follow-up communication:
Polite but persistent reminders through phone, email, or online portal.
⦿ Escalation procedures:
Implementing graded collection strategies for delinquent accounts.
⦿ Reporting and analysis:
Monitoring key metrics and adjusting strategies for optimal results.

What Are the Key Components of Successful AR Management?

Clear invoicing, regular follow-ups, accurate record-keeping, and proactive communication with clients are vital components of successful AR management.

What are the common challenges in ARM and How can these challenges be addressed?

Challenges:-
⦿ Late payments and delinquent accounts.
⦿ Inefficient processes and manual workloads.
⦿ Lack of communication and transparency with customers.
⦿ Maintaining positive customer relationships while collecting late payments.

Solutions:-
⦿ Investing in AR automation tools and technology.
⦿ Implementing clear and transparent communication protocols with customers.
⦿ Providing flexible payment options and early payment incentives.
⦿ Training staff on effective communication and collection techniques.

How Does AR Management Impact Cash Flow?

Effective AR management accelerates cash flow by minimizing outstanding receivables, ensuring timely payments, and reducing the risk of bad debt.

Can Outsourcing AR Management Be Beneficial?

Outsourcing AR management can bring expertise, efficiency, and scalability, allowing businesses to focus on core operations while ensuring effective receivables management.