Account Receivables Management

Many Acupuncturists and Physical Therapists leverage AR collections software to strengthen their procedures. The issue? No two platforms are similar, most Acupuncturists and Physical therapists continue to work with sub-optimal systems that give a fraction of the features of other platforms.

That puts your practice in an odd position. You either do not realize there’s a problem or acknowledge the concern but do not realize how simple it is to look for a solution. That’s where account receivables management solutions enter.

What are
Account Receivables?

An account receivable record is used to monitor money owed to your business for the use of your services.

Some providers accept full private payments at the time of service delivery. If that is the case for your Acupuncture or Physical Therapy service, then you won’t need accounts receivable records.

On the other hand, if you accept insurance, then the amount owed to you by the insurance carriers will need to be tracked. This is where 628 Medical Billing services comes in. We will help you to put a system in place to monitor this process.

This will help provide you with comprehensive details about your transactions and learn the balance owed to you for every invoice to the insurance company. We help you to do this by creating a separate accounts receivable record for each patient or client.

Contact 628 Medical Billing Solutions for All Your Accounts Receivables Management Needs Today!

Our team can make sure you get paid on your claims timely and efficiently under our Accounts Receivables Management services. We thoroughly adhere to an effective denial management process based on your payor mix and good account receivables.

Why Improve Your Accounts Receivable Management?

It’s frustrating for us to see Acupuncturists and Physical Therapists ignore an increasing AR balance and suffer the consequences that affect their practice. Unmanaged AR could put a huge strain on your cash flow and lead to lost revenue.

Enhance your cash flow

As patients are expected to pay more, the risks of cash flow shortages to your practice increases as well. Managing your cash flow in the healthcare industry is a challenging business.

It can be complicated to guess how much profits you’ll produce every month or when you’ll get paid. Our accounts receivable process has lots to do with smoothing out such fluctuations so you can precisely predict your business’s cash balance.

Prevent the AR tax

There are a lot of costs attributed to carrying an AR balance. Others are unavoidable. Some crop up due to a lack of oversight and decent processes. All these costs can be lessened as you enhance your accounts receivable management.

628 Medical Billing Solutions’ accounts receivable management services are committed to helping Acupuncturists and Physical Therapists resolve past due accounts receivables and quicken your cash flow in a lawful, ethical, and positive manner.