HEALTHCARE ACCOUNTS RECEIVABLE SERVICES
Are you looking for a streamlined system to control and accurately manage your accounts receivable and recovery? Are you falling short of resources to handle your accounts receivable requirements and improve your cash flow? Then, the best option for your organization is to outsource healthcare accounts receivable services to an experienced service provider.
Vardhan Medical Coding Private Limited is one of the best offshore outsourcing providers located in India and USA. At Vardhan Medical Coding Private Limited, our main objective is to recover funds as quickly as possible while simultaneously, reorganizing, recruiting, and training our staff to perform these functions as efficiently as possible. Vardhan Medical Coding Private Limited will not only save your operational costs but also help in improving the cash flow.
Why Outsource Accounts Receivables Services?
Accounts receivables include the management of many reports dealing with insurance, collection analysis, write-offs, bad debt reviews, and ratio analysis. It includes the analysis of insurance contracts to ensure that healthcare providers are being reimbursed correctly.
Outstanding claims and delayed collections often place added administrative strain on healthcare organizations. Often, insurance companies often deny claims or refuse to pay.
Additionally, federal regulations have become increasingly more stringent. This increases the pressure on healthcare organizations to follow up on denied or appealed claims. The main reasons for claims denials are incorrect/incomplete data entry and incorrect medical coding. Outsourcing healthcare accounts receivable services to Vardhan Medical Coding Private Limited can help your healthcare organization to effectively deal with your accounts receivables.
Healthcare Accounts Receivable Services We Offer
Having been in the healthcare industry for over 3 years now, we understand the client’s requirements with ease and provide the services accordingly. Our team comprises some of the most qualified and skilled medical professionals who can cater to any of your needs. Some of the key services we take care on your behalf include -
At Vardhan Medical Coding Private Limited, we can follow-up your pending claims, initiate collections, trace the reasons for claims denials, track outstanding receivable balances by the customer and by the date when payment is due, and provide periodic reports
We can ensure better operations through an increase in efficiency, proper guidance, and training to the concerned healthcare personnel and statistical dimensions that can help monitor your progress
We offer accounts receivable recovery services wherein Vardhan Medical Coding Private Limited skilled staff will identify billing operation problems that result in nonpayment or incorrect payment of claims and resolve the situations
We can research outstanding accounts receivable balances to distinguish collectible and uncollectible amounts
The coinsurance or deductible amounts to the appropriate payers are identified and billed
Vardhan Medical Coding Private Limited provides routine reports to customers, detailing collection progress, including payments and recommending adjustments