Maximize Collections & Improve Cash Flow
Efficient accounts receivable (A/R) management is essential for maintaining a steady cash flow and financial stability in any healthcare practice. At MediCharge Billing LLC, we specialize in reducing outstanding balances, minimizing claim denials, and accelerating reimbursements to ensure healthcare providers receive their payments promptly. Our dedicated team takes a proactive, data-driven approach, focusing on timely follow-ups, quick resolution of unpaid claims, and seamless collections. By handling these critical financial aspects, we allow healthcare providers to concentrate on delivering exceptional patient care without worrying about revenue delays.
A/R Analysis & Aging Reports
We begin by conducting a detailed assessment of outstanding claims and unpaid balances to identify problem areas. Our team categorizes claims based on aging periods (30, 60, 90+ days) and analyzes the reasons for delayed payments. By segmenting claims by payer and issue type, we develop a targeted recovery strategy that improves collection efficiency. Additionally, our customized reports provide complete transparency, allowing providers to track progress and manage financial performance effectively.
Denial Management & Appeals
Denied claims are a major hurdle in revenue cycle management, often leading to financial losses if not addressed correctly. Our specialists analyze claim denials, determine the root causes, and take corrective action to ensure successful resubmission. Whether the denial is due to coding errors, missing documentation, or payer-specific rules, we work diligently to correct and appeal denied claims, maximizing the chances of approval and reducing the risk of write-offs.
A/R Cleanup & Recovery Services
If your practice has aged receivables or a backlog of unpaid claims, we provide expert A/R cleanup and recovery services. Our team reviews unresolved claims, follows up on aged accounts, and implements strategies to prevent future A/R buildup. By streamlining these processes, we help recover lost revenue and improve overall collection efficiency.