Accounts Receivable Collections Management Get Paid On Time
GoBill’s accounts receivable collections solution helps your medical practice reduce AR days, improve cash flow, and boost your collections rate.
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Increase Accounts Receivable and Improve Cash Flow
Hospitals, independent practices, and healthcare providers often struggle with old A/R piles. Inefficient processes, poor communication between stakeholders, untrained staff, and lack of necessary backend resources hinder collection follow-ups and make it hard to identify the status of claims within the payer’s filing system.
GoBill’s comprehensive A/R management in medical billing helps you streamline these processes and improve your practice’s financial health.
Collect more payments on time
- Categorize insurance providers by response speed and denials rate.
- Increase billing cycles sent to insurance companies and patients for a higher chance of early collection.
- Enable pre-payments for appointments.
- Run periodic A/R reports.
- Track and analyze trends and fluctuations in A/R collections.
Eliminate bad debt write-offs and unpaid claims
- Check AR status daily.
- Increase follow-ups with outstanding accounts while maintaining caller ethics.
- Exhaust all alternative accounts receivable collection options before deciding on a write-off.
- Verify insurance benefits before care delivery.
Improve patient satisfaction
- Collect payments at the point of service.
- Send periodic statement reminders to patients.
- Perform audits on A/R collection procedures.
Submit invoices on time
- Adhere to a timely credit and collection policy that decreases accounts receivable.
- Maintain average A/R age below 25 days.
Track the status of your claims
- Digitize the A/R ledger database and filing system.
- Prioritize follow-ups on A/R overdue by 20 days.
- Enroll in electronic funds transfer (EFT).
Minimize claim and payment errors
- Examine claims before submission.
- Perform quality control with your accounts receivable collections.
Higher Reimbursement Rates
GoBill helps you apply policies and procedures to eliminate those costly invoicing errors and messy collection processes that hold your practice back from operating at its best.
Our accounts receivable collections solution enables your practice to:
- Collect more payments on time
- Examine claims before submission.
- Perform quality control with your accounts receivable collections.
- Eliminate bad debt write-offs and unpaid claims
- Examine claims before submission.
- Perform quality control with your accounts receivable collections.
- Improve patient satisfaction
- Examine claims before submission.
- Perform quality control with your accounts receivable collections.
- Submit invoices on time
- Examine claims before submission.
- Perform quality control with your accounts receivable collections.
- Track the status of your claims
- Examine claims before submission.
- Perform quality control with your accounts receivable collections.
- Minimize claim and payment errors
- Examine claims before submission.
- Perform quality control with your accounts receivable collections.
Minimize claim and payment errors
Minimize claim and payment errors
Minimize claim and payment errors
Minimize claim and payment errors
Minimize claim and payment errors
Minimize claim and payment errors
Track Claims
We know that submitting claims isn’t the final step in getting paid. In fact, recent studies show that only 70% of providers are reimbursed for claims at first submission.
Our A/R management in medical billing helps you assess and track unpaid claims based on:
- Timeframe and limit of filing.
- Age of the insurance claim.
- Type of payer and their rate of denial or speed of payment.
- How many times patient statements have been sent.
Develop Policies & Procedures
For aging A/R, our solution helps you identify problems with your policies and procedures that regulate the collection of accounts.
Our proven accounts receivable collections guidelines improve:
- Negotiation processes with insurers.
- Number of claim resubmissions for collection.
- A/R backlog clearance and prevention of future accumulation.
- Revenue cycle management in your practice.
Medical Database System
Support your claims submission documentation and negotiations with insurers using our technology-assisted A/R collections service.
- Data is stored securely.
- Follow-ups on A/R past 20 days are prioritized.
- All documentation is logged in and retrievable from the database.
- Claims to be submitted, that are pending, or waiting to be refiled, are never lost.
Get Consistent Cash Flow
GoBill's accounts receivable collections solution can reduce your payment turnaround time. Our comprehensive services in A/R management for medical billing will ensure timely reimbursements and help you minimize bad debt for a financially healthy practice. Partner with us today to get paid on time.