- Extended Business Office
Patient Access Services
Medical Coding Services
Dental RCM Services
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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