Recovering Aged Accounts
Recover Aged Accounts
Over the years working with practices across the country, we have developed a standard system for reducing A/R while maintaining positive relationships with your patient family.
Let's face it, different practices have different philosophies about how aggressive they want to be in collecting monies that are owed to them. Whether your philosophy is laid back or pay up, my unique system can be tailored just for you and will recover more money faster than ever before.
- Collect the money owed to you for as little as 5 cents on the dollar?
- Consistently collect on all debt, not just the high dollar accounts?
- Have your debtors send their payment directly to you rather than a collection agency?
- Collect the money owed to you with the push of a button and no monthly or annual subscription costs?
- Receive a 200% money back guarantee on your initial, one-time low cost for implementing this system?
Rather than sending accounts to a collections agency, we have proprietary processes for collecting your aged accounts for as little as 5 cents on the dollar.
Whether you need an intense one-time effort to reduce A/R or an ongoing system for maintaining healthy levels of aged accounts, get in touch with us today!
Poor Insurance Management Sabotaging Your A/R?
When paper claims were the standard, you could have 4-6 weeks of production out at any one time. Consultants use this number to soothe the wounds of practices who had 100-150% of monthly production out in Total A/R. Even then, it would have been appropriate only in a practice where every patient was an insurance patient. Unless you're a medicaid clinic, this just simply isn't the case.
Today, clean claims are back in a couple weeks, max. With auto-adjudication, many of them are paid in a matter of just days. Likely, your software cleans them up before they get out the door. So, even if you were fully insurance-driven, no more than 50-67% of your monthly production should out in Total A/R. If you collect the appropriate co-pay at the time of service, the healthy range for Total A/R would amount to no more than 20-30% in most practices. Anything higher serves as a barometer that key systems are not working.
Much of the A/R in a typical practice is there because of insurance-related issues. You can self-assess Insurance Management issues in your practice in just 2-3 minutes below. We won't contact you unless you leave a phone number or email address. Why not invest a few moments of guided thought into your practice today.