When a company has made a sale and has delivered the product or performed the service, but the customer is yet to pay you for the same; here, cash “to be received” is filed under the category Accounts Receivable in accounting terms.
The collection process is the art of knowing the customer. A psychological understanding of the customer gives you insights into what buttons to push in collecting the account. We analyse the critical issues of AR delays and the core aspects thoroughly and follow transparent methods to ensure a proper follow up in claims management and perform the work in most cost effective manner to generate the best Revenue Outputs.
How can Futuristic Giga Tech help you with AR Management? Here are certain aspects of our AR Management:
- Minimized default risks and optimized cash flow and retention.
- Follow up for the delayed payments from insurance companies
- We are fully compliant as per HIPAA on all processes that we adhere at Futuristic Gigatech .
- Take initiatives in finding the AR Back logs, clear them leading to effective collection outputs.
- Work on Unearned/Excessive adjustments/Discounts.
- Find the claims over 60, 90, 180+ bucket and manage Insurance appeals in an effective manner.
- Work effectively on Old AR/Backlog / AR projects with aged accounts.
- Achieve revenue in high transaction-based issues.
- Execute to considerably increase profitability of your business.
- Prepare crystalline structured reports in order to reduce the AR days.
- Reimbursement analysis including Paid, Denied, Underpaid and Over paid issues.
- Generate revenue from patient dues.
- Operate assuring excellent Customer service.
- We work on Green Environment protection.
- Highly committed to increase Return on Investment for all our clientele.