Weekly Account Review & Accounts Receivable Management Services
Our CBS Medical Billing and Consulting team’s successful track record of medical billing, compliance, and collections demonstrates that consistent collaboration and communication with our client partners is the key to successful medical practice management.
Our Transparent Approach Supports Your Success
We believe that a transparent approach is imperative to maintaining successful client partnerships. We work with you to apprise you of where your money is, and why. Your dedicated account manager hosts regular conference calls with you to review your account, or to discuss outstanding topics.
This call also serves as a regular opportunity to address any hot topics and address minor issues before they become major ones that could negatively impact the health of your practice.
Unique to CBS: Weekly Account Review
CBS strongly encourages our clients to take advantage of our Weekly Account Review Call – a unique feature of our comprehensive medical billing service. Regularly scheduled calls between your dedicated CBS account manager and your internal office representative will ensure clear and consistent communication, to promote best-practices and maintain your profitability.
During a weekly account review call, we review your accounts receivable, collections, patient management, and compliance. We also review as-needed specifics such as the history and cause of any denied claim, as a valuable learning tool for your practice.
This consistent communication enables CBS to partner with you and address issues before they can negatively impact your business, revenue cycle, or bottom line.
Accounts Receivable Management Services – FAQ
Q1. What are accounts receivable management services in healthcare?
Accounts receivable management services in healthcare focus on managing and optimizing the revenue cycle. This includes tracking unpaid claims, minimizing outstanding balances, and ensuring timely collections from insurance companies and patients. By addressing payment delays and reducing claim denials, these services help healthcare providers maintain steady cash flow.
Q2. How can medical billing consulting services streamline operations?
Medical billing consulting services provide expert guidance to healthcare providers on improving their billing and coding processes. These services analyze your current systems, identify inefficiencies, and recommend best practices. By implementing these changes, healthcare facilities can streamline operations, reduce claim denials, and enhance overall productivity.
Q3. How can accounts receivable management improve cash flow?
Efficient accounts receivable management ensures timely follow-up on unpaid claims and accurate posting of payments. This reduces delays in revenue collection, improves cash flow, and enhances financial stability for healthcare providers. Additionally, it minimizes the risk of bad debts and helps maintain a healthier bottom line.
Q4. What is included in medical billing consulting services?
Medical billing consulting services typically include:
- Assessment of current billing processes.
- Training for staff on accurate coding and compliance.
- Implementation of efficient billing software.
- Customized strategies to reduce claim denials and improve collections.
- Continuous monitoring and reporting to ensure ongoing improvements.
Q5. Why should healthcare providers use accounts receivable services?
Healthcare providers should use accounts receivable services to:
- Focus more on patient care rather than administrative tasks.
- Reduce claim processing times.
- Improve collections from insurance payers and patients.
- Minimize errors in billing and coding that can lead to claim denials.
- Maintain a healthy financial workflow for long-term success.
Q6. How can medical billing consulting services improve the revenue cycle?
Medical billing consulting services enhance the revenue cycle by identifying and addressing gaps in the billing process. They help:
- Optimize claim submissions.
- Reduce errors in coding and documentation.
- Expedite reimbursements from payers.
- Implement strategies to increase patient payment compliance. By improving every stage of the revenue cycle, these services ensure consistent and predictable revenue for healthcare providers.
Q6. Features of Our Services:
- Expertise in accounts receivable management services.
- Comprehensive medical billing consulting services tailored to your needs.
- Advanced tools and technologies for error-free billing.
- Transparent pricing with no hidden charges.
Pricing: Our pricing is designed to suit practices of all sizes. Contact us for a customized quote that fits your specific requirements.
Technical Support: We provide 24/7 customer support to address any technical or billing-related issues promptly. Our dedicated team is here to assist you at every step.
Concerns? If you have any questions about our services, feel free to reach out. We’re committed to ensuring your medical billing and accounts receivable processes run smoothly.
