Healthcare Accounts Receivable Management Services

Q: Who benefits from outsourced AR management services?

Hospitals, multi-specialty clinics, physician groups, surgery centers, and high-volume practices benefit from outsourcing AR management because it provides specialized expertise, more efficient follow-ups, and faster cash recovery.

Reduce Write-Offs. Maximize Reimbursements Now.

Proactive Accounts Receivable Management Services

Struggling with rising A/R days, delayed reimbursements, or denied claims?

AnnexMed helps healthcare providers take control of their revenue cycle with proven AR management solutions that reduce write-offs and improve collections. Whether you’re overwhelmed by backlog or tired of chasing down insurance payments, our team ensures faster follow-up, better closure rates, and stronger financial outcomes.

Denials and refusals from insurance companies exacerbate this challenge, amplified by increasingly stringent federal regulations. This mounting pressure necessitates proactive measures in managing denied or appealed claims, highlighting the criticality of enhancing the AR management service process to preempt issues before they escalate

Key Questions to Evaluate Your AR Efficiency

Are your A/R backlog and AR days falling short of industry benchmarks?
Are resources a constraint in managing your accounts receivable effectively?
Do your existing processes lead to ineffective write-off policies and closures?

If so, outsourcing your AR Management services to AnnexMed emerges as the optimal solution.

Why Providers Choose AnnexMed for AR Optimization

AnnexMed stands as your strategic partner, offering comprehensive AR Management Services tailored to address these pressing challenges. We understand the complexities and nuances within accounts receivable, especially in navigating denied claims, resolving discrepancies, and optimizing collections. Our expertise extends to mitigating A/R backlog by streamlining processes and implementing efficient strategies to align with industry best practices. We don’t just manage accounts; we optimize your revenue cycle by ensuring effective closures, minimizing write-offs, and enhancing overall collections.

Outsourcing AR Management Services to AnnexMed empowers your organization to tackle receivables effectively, ensuring improved collections and streamlined processes. By entrusting us with your accounts receivable, healthcare organizations benefit from our proficiency in resolving issues promptly and proactively, fostering financial stability and operational efficiency.

AR Management capabilities include:

Expertise in Physician
and Hospital A/R

Aggressive
A/R Follow-up

Time-tested
Best practices

Appeal Calling
Capability

Service Highlights

A/R strategies by payer mix, $ value, TFL, etc
Continuous follow-up with insurance companies
Initiate claim actions-rebilling, filing appeals, etc
Write-off or adjustment policies documented
Proprietary A/R workflow management system
A/R KPI metrics reviewed periodically

Benefits

Higher collections by 7% / lower AR days by 20%
Onshore/offshore work collaboration
A/R Productivity surpasses industry benchmarks
SQC is followed across all our clients
Web-based reporting for work transparency
Reduced cost related to A/R follow-ups by 30%

FAQs in Accounts Receivable Management Services

What is accounts receivable (AR) management in healthcare?

Accounts receivable management in healthcare is the process of tracking, collecting, and optimizing payments owed to a practice or facility from insurance payers and patients after services are rendered to ensure timely revenue collection.

Why is AR management important for healthcare providers?

Effective AR management reduces days in accounts receivable, improves cash flow, minimizes bad debt, reduces claims aging, and enhances the overall financial health of practices and facilities.

How do healthcare practices improve AR collections?

Practices improve AR collections by verifying eligibility up front, reducing denials, using systematic follow‑ups, automating reminders, offering payment plans, and tracking payer performance metrics.

Who benefits from outsourced AR management services?

Hospitals, multi‑specialty clinics, physician groups, surgery centers, and high‑volume practices benefit from outsourcing AR management because it provides specialized expertise, more efficient follow‑ups, and faster cash recovery.

What metrics are used to measure AR performance?

Important AR performance metrics include Days in AR, Net Collection Rate, Clean Claim Rate, Denial Rate, Aging Buckets, and Average Days to Payment, all indicating revenue cycle health.