Comprehensive accounts receivable services managing the full AR lifecycle from patient balances to insurance follow-up, ensuring maximum collections and healthy cash flow for your practice.
Rising deductibles and out-of-pocket costs result in larger patient balances that go uncollected, straining practice revenue and cash flow.
Claims languish without systematic follow-up, missing timely filing deadlines and allowing payers to avoid payment without consequences.
Inaccurate or incomplete aging reports prevent staff from prioritizing high-value accounts, leading to inefficient collection efforts.
Practices lack defined collection strategies for different account types, resulting in inconsistent follow-up and missed recovery opportunities.
Poorly structured payment plans lead to patient defaults, administrative overhead, and ultimately uncollectable balances written off as bad debt.
Without real-time dashboards and KPI tracking, leadership cannot identify bottlenecks or measure the effectiveness of collection activities.
End-to-end management of every account from initial charge through final payment, ensuring no balance goes unworked.
Aggressive, timely follow-up on all outstanding insurance claims using payer-specific strategies and escalation procedures.
Real-time aging reports with drill-down capabilities identify trends, problem payers, and high-priority accounts for focused attention.
Structured payment plan programs and patient communication strategies that maximize collections while preserving patient satisfaction.
Systematic pursuit of all outstanding insurance claims with dedicated specialists and payer-specific resolution strategies.
Professional patient billing and collection services that maximize recovery while maintaining positive patient relationships.
Comprehensive aging reports and analytics providing complete visibility into receivables performance and collection trends.
Custom collection strategies tailored to your practice's payer mix, patient demographics, and financial goals.
Medtransic transformed our accounts receivable from a constant headache into a well-oiled machine. Our AR days dropped from 72 to 38, and we recovered over $500,000 in aged balances within the first year. Their systematic approach and dedicated team made all the difference.
Contact Medtransic today for expert accounts receivable services. Call 888-777-0860 or visit https://medtransic.com/contact for a free consultation.