AR Recovery, Maximize Revenue.
Rapid Reporting LLC award-winning Revenue Intelligence solution for AR recovery will help you increase revenue, minimize AR days, and optimize reimbursement. We are committed to resolving overdue income sitting in the aging bucket for up to 120 days.
Embrace the Future, Reclaim Your Reality
Rapid Reporting LLC guarantees an authorized and established A/R recovery approach that successfully enhances recoveries, even from accounts previously classified as bad debts. We assist your unique A/R recovery needs, resulting in faster cash conversions and decreased bad-debt reserves. Our AR recovery services are designed to address all small and large claims and well-aged cases. We follows up on each claim until the payment is made. This focused attention and dedication to claims processing results in greater compensation for the medical practice.
Strategy for AR Recovery
Let’s examine how our AR billing services improve cash flow in revenue cycle management.
Total Assessment
When customers request our AR recovery services, we instantly analyze the information they supply. We investigate every unsettled claim and search for ways to recover it. Unlike other medical billing organizations, we do not pursue larger fish and solely focus on high-dollar claims. We recognizes that many low-cost claims may considerably boost your income.
Report on Aging Priorities
Our professionals generate the accounts receivable aging report, showing us how long unpaid or refused claims have been stranded without follow-up. This will assist our AR recovery follow-up team in categorizing and prioritizing the oldest refused claims. Our specialists will then resubmit claims and reapply for reimbursement until the money is received. Regarding monitoring and following up on claims, our AR follow-up services are remarkable and focused.
Error Omission and Resubmission
Our experts review rejected claims for omissions of mistakes mentioned in the claims and resubmit them. Denied claims are also re-appealed to insurance companies after clarification and revisions so that they might rethink granting reimbursements. Our claims collection service team will actively pursue the claim until the insurance company pays it.
Communication with Patients
Our professionals generate the accounts receivable aging report, showing us how long unpaid or refused claims have been stranded without follow-up. This will assist our AR recovery follow-up team in categorizing and prioritizing the oldest refused claims. Our specialists will then resubmit claims and reapply for reimbursement until the money is received. When it comes to monitoring and following up on claims, our AR follow-up services are remarkable and focused.
Decrease in the Bad-Debt Reserves.
Our strategy for managing accounts receivable (AR) recovery has been carefully developed over several years of experience. A specialized team is responsible for Accounts Receivable recovery. They conduct a thorough evaluation and prioritize each unresolved claim based on age. The dedicated task force ensures no claims are left unresolved, denied, or underpaid. They carefully identify each error and make the necessary corrections and clarifications in order to resubmit the claims for reimbursement. The team is responsible for directly handling patient interactions, ensuring clarity and ease of understanding.
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Reduce Your Bad Debt, Recover Your AR, And Improve Your Cash Flow
Our Clients
I am thrilled with the exceptional medical billing services provides. Their team's expertise and attention to detail have significantly improved our revenue cycle management. They tailored their solutions to our specialty, ensuring accurate coding and timely claim submissions. Our cash flow has never been smoother, and we've seen a noticeable reduction in claim denials. The level of transparency and customer-centric approach they maintain is truly commendable. I highly recommend Rapid Reporting LLC to any healthcare provider seeking reliable and efficient medical billing services.
As a busy orthopedic practice, we struggled with the complexities of medical billing until we partnered with Rapid Reporting LLC . Their team's in-depth knowledge of orthopedic coding and billing procedures made a remarkable difference. With their support, our revenue stream has become more stable, and we can now focus on delivering quality patient care without worrying about billing hassles. Rapid Reporting LLC has been an invaluable asset to our practice, and we wholeheartedly endorse their services.
As a busy orthopedic practice, we struggled with the complexities of medical billing until we partnered with Rapid Reporting LLC . Their team's in-depth knowledge of orthopedic coding and billing procedures made a remarkable difference. With their support, our revenue stream has become more stable, and we can now focus on delivering quality patient care without worrying about billing hassles. Rapid Reporting LLC has been an invaluable asset to our practice, and we wholeheartedly endorse their services.
FAQs
Hospital Revenue Cycle Management is efficiently managing financial aspects, from patient billing to reimbursement, to optimize revenue generation and minimize claim denials.
By utilizes the latest technologies and industry best practices to streamline billing processes, identify errors, reduce claim denials, and enhance overall revenue performance.
Yes, we prioritizes compliance with healthcare regulations and coding guidelines to prevent audit risks and maintain a strong reputation for your facility.
Get started by contacting our team through our website or provided contact information. We will assess your needs and tailor a plan for seamless integration and improved financial outcomes.
Pricing Based on Performance
You only pay for effective sales cycle management with our outcome-based pricing approach.
Automation of Robotic Processes
We use cutting-edge technology, such as robotic process automation, to shorten your revenue cycle.
Business Intelligence Perspectives
Our cloud-based dashboard makes accessible, intuitive business intelligence insights.
Management of Missing Data
Our payor discovery tools and automated workflows simplify managing missing data and minimizing denials.
Best Compliance Practices
By conducting independent audits on a quarterly basis, we ensure that your classification and compliance procedures always adhere to industry standards.
Specialized Teams
Our specialized teams can assist with credentialing, contracting, appeals, and medical records management.