WHAT IS ACCOUNTS RECEIVABLE COLLECTIONS IN HEALTHCARE?
SECURING PAYMENTS AND STRENGTHENING CASH FLOW
The procedure of receiving outstanding payments from payers such as Medicare, Medicaid, and private insurers - being an extremely complex and vital affair by itself – is known as A/R (Accounts Receivable) collections. In contrast to patient A/R, this procedure involves institutional complexities, payer-specific policies, and staying aligned with changing reimbursement rules. Therefore, effective insurance A/R management is essential to a healthy cash flow and maintaining operational excellence. Accounts receivable in healthcare RCM are categorized based on age, typically in 30-day buckets:
- 1-30 days
- 31-60 days
- 61-90 days
- 91-120 days
- 120+ days
WHY OUTSOURCE YOUR A/R COLLECTIONS TO COLLECTIONPRO?
MAXIMIZE COLLECTIONS, MINIMIZE HASSLES
Outsourcing A/R recovery to us ensures:
- Up to 80% reduction in overhead costs
- Faster resolution of aged claims
- Access to specialists in denial management
- Better control over collection performance
- 24/7 operational support for round-the-clock follow-up
We act as an extension of your billing operations, not a replacement.
OUR PROVEN INSURANCE A/R RECOVERY PROCESS
FASTER RECOVERIES, STRONGER CASH FLOW
Here’s how we get your money back:
- Data Analysis – We evaluate outstanding claims by aging, payer, and denial reason
- Prioritization – We focus on high-dollar and near deadline claims
- Strategic Follow-up – We implement payer-specific workflows and contacts
- Escalation & Appeal – We pursue reconsideration or formal appeals
- Resolution & Prevention – We secure payment and close feedback loops