Insurance Follow Up :
Medical Practitioners and medical billing companies lose a significant amount of money due to failure to follow-up on outstanding claims with insurance companies. IMBS AR follow-up services are aimed to ensure timely payments of claims.
IMBS has a dedicated AR follow-up team that aggressively follows up with insurance companies on all claims. IMBS’s professional team is continually in contact with insurance carriers via websites, IVR, fax and phone call to guarantee that claims are resolved fast.
One of the key areas in medical billing that directly impacts the cash flow is account receivable management. Strong accounts receivable (A/R) management is the backbone of a healthy revenue cycle in any healthcare practice. In Revenue Cycle Management (RCM) and medical claims processing services, A/R management refers to the systemized process of tracking and collecting payments from insurance companies and patients for services rendered. An efficient A/R system ensures timely reimbursements, minimizes cash flow hangups, and maximizes your practice's financial health.
At IMBS, the Accounts Receivable Management Services team is built to be a total solution provider for cash flow issues, and it operates as part of the medical billing team. Our diligent team actively follows up on outstanding claims, swiftly address medical claim processing services, denials and rejections, and takes proactive measures for accurate claim re-processing, resulting in reduced Days in A/R and insurance/Patient’s aging.
Old accounts receivable oversight Decontamination Operations :
IMBS also clears out its old accounts receivable. Many practices and clinics are experiencing unsettled Accounts Receivables, either due to a lack of proficient AR follow-up, a lack of manpower, or as a result of poor AR management by another medical billing company.