TechStar MDs provides the best accounts receivable follow-up services to ensure timely payment and minimize outstanding balances by regularly monitoring Aging Reports that categorize outstanding AR by the number of days since the claim was submitted to identify and prioritize older outstanding balances that require immediate attention. We analyze claim denials and rejections to determine the reasons for non-payment and resubmit corrected claims. We contact insurance payers, utilize online portals or phone calls to track the progress of the claims that are still in process, denied, or require additional information. Moreover, we continuously analyze our AR performance metrics to identify trends, patterns, and areas for improvement. Monitor key performance indicators (KPIs) such as average days in AR, AR aging ratios, and collection rates and we use this data to implement strategies that optimize your revenue cycle management.
Why choose TechStar MDs?
TechStar MDs specializes in billing and revenue cycle management. We have dedicated teams of experienced professionals who are knowledgeable about the complex coding, billing, and reimbursement processes. Their expertise ensures accurate and efficient claim submission, reducing the risk of errors and claim denials. We have streamlined processes, advanced technology, and economies of scale to handle billing tasks efficiently.
By outsourcing TechStar MDs, you can focus on your core competencies, such as patient care and practice management. Medical billing can be time-consuming and requires continuous training and staying updated with changing regulations. Offloading these tasks to us allows you to dedicate more time and resources to delivering quality healthcare services. We have processes in place to streamline the claims submission and payment collection process. We ensure that claims are submitted promptly and accurately, leading to faster reimbursement. Our timely and efficient billing processes can significantly improve your cash flow. We always stay updated with the latest healthcare regulations, coding guidelines, and billing requirements. And ensure compliance with regulatory changes, reducing the risk of billing errors or non-compliance. This can help you avoid penalties, audits, and potential legal issues.
We adapt to your changing needs. Whether a practice is expanding, downsizing, or dealing with seasonal fluctuations, we can scale our services accordingly. This flexibility allows you to receive the necessary billing support without the challenges of staffing and resource management. Moreover, we provide regular reports and performance metrics, offering insights into the financial health of a practice. We generate customized reports that analyze key performance indicators, reimbursement trends, and claim denials. This data can help you make informed decisions and optimize your revenue cycle management.
Dedicated Account Manager
No Fixed Agreement - Cancel Anytime
Free Initial Practice Assessment
Increase Practice Health and Profitability