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Credit Balance Resolution

Identify and Resolve Credit Balances Efficiently to Improve Cash Flow and Financial Accuracy
Resolve Credit Balances

Efficient Credit Balance Resolution Services

Credit balances within healthcare organizations represent not just operational inefficiencies but also potential compliance risks. Left unaddressed, these balances can distort financial statements, complicate audits, and even lead to regulatory penalties. AnnexMed’s Credit Balance Resolution services are specifically designed to identify, analyze, and resolve credit balances promptly and accurately, ensuring your financial records are both accurate and compliant.
Our team of experts delves deep into the root causes of credit balances, whether they stem from overpayments, duplicate payments, or misallocated funds. We provide thorough investigations and reconciliations to correct these discrepancies, helping your organization recover lost revenue and avoid unnecessary write-offs. By leveraging AnnexMed’s Credit Balance Resolution services, healthcare providers can significantly reduce the time and resources spent managing these balances, freeing up valuable assets for more critical operations. Our meticulous approach ensures that your financial health is preserved and that your organization remains in good standing with both payers and regulators.
Credit balance resolution capabilities include:

Over Payment
Identification

Detailed Account
Reconciliation

Compliance
with Payer Rules

Payer Refund
Coordination

Service Highlights
  • Detailed Credit Balance Investigation
  • Precise Reconciliation and Adjustments
  • Strict Regulatory Compliance
  • Comprehensive Audit Preparation
  • Proactive Monitoring and Prevention
Benefits
  • Enhanced Financial Accuracy
  • Mitigated Compliance Risks
  • Optimized Cash Flow
  • Increased Operational Efficiency
  • Greater Financial Transparency

Achieve Measurable, Proven Results

Costs Reduced

upto

45%
Reduced operational costs
DNFB Reduced

upto

32%

Reduction in DNFB accounts

Improve Productivity

upto

72%
Productivity improvement
Reduction in AR

upto

36%

Reduction in aged A/R
Improved Collections

upto

98%

Achieve net collections
Reduce Denials

upto

72%

Decrease in denial rate

17 +
Years of Experience
40 +
Specialties Served
99.1 %
Client Retention

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