Maximize Your Revenue with HBHS’ Expert AR Recovery Solutions – Results Guaranteed!
HBH Solutions’ old AR recovery service providers are dedicated to recovering your outstanding revenue that is in the aging bucket for up to 120 days. Medical practices lose thousands of dollars due to unpaid and denied claims in medical billing.
There is no need to worry because HBH Solutions’ account receivable recovery team is an expert in evaluating causes of rejections and re-submitting the rejected, missed, and unpaid claims and follow-up on them until complete reimbursement is ensured. We provide standalone healthcare AR recovery services so you don’t have to worry about other expenses.
Medical practices lose a lot of revenue due to denials, rejections, and missed or unpaid claims. Most medical billing companies do not offer AR recovery as a standalone offer. But HBH Solutions has got you covered. Our old AR recovery service providers do not consider old claims as lost causes but rather take them as a cue to find creative solutions for payments for the services you provide. Our experts go after each claim and make sure it is reimbursed. We understand that a large volume of low-dollar claims can make your business. We receive only a small percentage of the money we collect for you, which is a win-win situation for you.
Let’s look in detail at how our AR billing services accelerate cash flow in revenue cycle management.
As soon as our clients ask for our AR recovery solutions, we immediately start evaluating the information they provide. We review every unresolved claim and look into every possibility to recover it. Unlike other medical billing companies, we do not go after the bigger fish and work on high-dollar claims only. HBH Solutions understands that a large volume of low-dollar claims can significantly increase your revenue.
Our specialists prepare the aging report of accounts receivable that tells us how long the unpaid or denied claims have been left stranded without follow-up. This can help our AR recovery follow-up team classify and prioritize the oldest denied claims. Our experts then resubmit claims and reappeal for reimbursement until payment is collected. Our AR follow-up services are exceptional and dedicated when it comes to tracking and following up on claims.
Our professionals subject rejected claims to the omission of errors reported in the claims and re-submitted them. After clarification and corrections, denied claims are also re-appeal to insurance companies so they can reconsider paying reimbursements. Our claims recovery service team then aggressively follows the claim until the insurance pays it.
To reduce posting errors, we first look at paper payments and remittances received to determine if Electric Funds Transfer (EFT) and Electronic Remittance Advice (ERA) enrolments are available. We look at the trending data to see payments, underpayments, and denials. This expedites the delivery of payments.
HBH Solutions goes above and beyond standard billing practices to help our clients with medical recovery services. It is very important to reach patients and involve them if insurance companies deny claims. We deliver a more comprehensible report to them so they can easily understand and pay the due amount.
According to AMA, billing companies submit almost 50% of incorrect claims. When you outsource denial management services to HBH Solutions, we guarantee to submit more than 90% of correct claims. We fast-track your cash flow so that you can run smooth operations in your practice.
