Remittance and Accounts Receivable Follow-Up
Cut Account Receivables Delays in Half while Doubling Collections Rates!
Faster Payments with Efficient Accounts Receivable Follow-Up
At PrognoCIS, we’ve cracked the code on faster collections. Our Account Receivable follow-up tools provide a proven system that gets practices paid faster, with fewer denied claims and better reimbursement rates. Here’s how our complete medical billing software can help make it happen.
How do our Account Receivable Follow-Up Tools help you?
Think of PrognoCIS as your all-in-one medical billing platform, designed to optimize your revenue cycle. Our medical billing software gives you the tools to keep payments on track. Instead of waiting and hoping claims get paid, your team can take action at the right time. Our approach is incredibly effective due to:
Automated Follow-Ups
With our software, you can track claims and send reminders when payments are due, so nothing gets missed.
Denial Management Tools
If a claim gets denied, our medical billing software helps you spot the issue and correct it quickly.
Insurance Compliance
Our software ensures claims meet Medicare, Medicaid, and insurance rules to reduce mistakes and delays.
Payer Integration
Our software streamlines communication and processing with major insurers, from Blue Cross to United Healthcare
Our system lets you delve into data to pinpoint why payments are delayed. Is it a certain insurer or type of claim? Identifying these patterns helps you resolve underlying issues and prevent future delays, enhancing your practice’s revenue cycle and ensuring financial stability beyond payment chasing.
Common Pain Points in AR Follow-Up and How PrognoCIS Solves Them
Are slow payments dragging you down?
When payments crawl in slowly from both patients and insurance companies, it hurts your cash flow. Our software helps speed things up using eligibility and benefits verification, automated reminders, and claim scrubbing tools.
Drowning in denied claims?
Nothing’s more frustrating than claim denials, especially when you don’t have time to fight them. Our system gives you the tools to fix and resubmit denied claims quickly. And even better, you’ll have what you need to prevent them from happening in the first place.
No time for follow-ups?
Your staff is already busy taking care of patients. They shouldn’t have to spend hours chasing payments, too. That’s where our software comes in, helping you streamline medical billing, automate key tasks, and keep payments on track.
Feeling disorganized?
When juggling hundreds of claims, it’s easy to lose track. Our streamlined system keeps everything organized and simple to understand at a glance. This way, you know precisely where every claim stands and what needs to happen next.
Worried about patient relationships?
Discussing payments can be tough. Our software provides clear, organized billing information, making conversations easier while ensuring you get paid fast and patients stay satisfied.
Key Steps in the Accounts Receivable Follow-Up Process
Before any bill goes out, use our medical billing software to ensure it’s perfect by reviewing every line, from the codes to the insurance info. Getting these details right means you get paid faster.
When payment is due, don’t wait. Our medical billing software automatically flags overdue accounts and sends professional, clear reminders. It’s a gentle but effective way to catch any oversight and prompt quick payment.
If payments are still late, your team gets notified to follow up. Sometimes, an email just isn’t enough. You may also need to make direct phone calls to resolve payment issues.
If initial attempts don’t get results, you may need to kick your AR management services up a notch. By taking the right steps, you can address overdue accounts while preserving strong professional relationships.
We understand that sometimes patients want to pay but need some flexibility. Your team may want to work out realistic payment plans that work for both the patient and your medical practice. Aim to find that sweet spot between getting paid and keeping patients happy.
Nobody likes to get to this point, but sometimes it’s necessary. If all other attempts have failed, our system can send a final notice or send it to a third-party collection agency.
How PrognoCIS AR Follow-Up Services Impact Practice Profitability
When you have PrognoCIS helping you handle your AR follow-up in medical billing, you benefit in the following ways:
- Improved Reimbursement Rates: When claims are handled right from the start and followed up promptly, you simply get paid more. Our software helps practices get claims approved and paid in full, leading to higher reimbursement rates from both insurance companies and patients.
- Reduced Medical Billing Costs: With our software, you won’t need accounts receivable follow-up services. You can handle your medical billing service in-house, reducing costs and keeping more revenue in your practice.
- Increased Patient Satisfaction: When billing runs smoothly, patients are happier. They understand their bills, have clear payment options, and don’t get surprised by collection calls. Happy patients are more likely to pay on time, recommend your practice, and keep coming back.
All this adds up to a practice that’s built for success. Let PrognoCIS help you handle AR follow-up and experience the difference a streamlined revenue cycle can make. From faster patients to happier patients, you’ll wonder why you didn’t make the switch sooner.
Ready to transform your practice’s financial health? Get in touch with us today. We’ll go over how our Electronic Health Record Software works to streamline billing and AR follow-ups so that you can get paid faster with less effort.
FAQs
You should be able to move money to any provider unless you have restrictions at the property level. Please call support to have them check this property: receipt.useadvance.forsame.lbar — Set this property to appropriate parameters for Clinics who want to restrict the use of Advance Amount for Location, Business Unit, Attending Doctor and Rendering Doctor for which it was collected. Select any or all from Values among the following: L- Location, B – Business Unit, A – Attending Provider, R – Rendering Provider. If not blank, it forces users to select only one Advance Entry from Used from Advance pop-up and compares the parameters set in this property with parameters of all the claims selected on Patient or Employer Receipt. If any of the selected claims have different parameters than the selected advance entry, it will give an error and force the user to change Advance entry or claim.
Remittances–Transfer Patient Credit – choose the patient to move money from, choose the amount to be moved, then choose the patient to move money too. Click Save.
You can choose not to take Medicaid, but if the Primary payer auto sends the amount to Medicaid as the secondary payer, then that is out of your and PrognoCIS control. You will want Medicaid to actively handle these.
The one who paid primary in error should be marked as disputed, and the correct one posted as normal. If for some rare reason both are accurate for primary, and the amount paid is above the charge amount, you can enter the details in ‘Excess’
Yes, most payers these days will accept secondaries electronically.
