AR Cleanup Services
At RescueMed Financial, we understand the frustration of dealing with outstanding accounts receivables that seem to linger endlessly, adding stress to your day. There they are, glaring at you like a constant reminder of a balance left unresolved.
We recognize the vital role efficient revenue cycle management plays in the success of EMS organizations. Outstanding claims, delayed payments, and uncollected balances not only disrupt cash flow but also add unnecessary stress to your operations. That’s why we offer specialized AR cleanup services designed to restore financial stability. Whether you need a quick cleanup to address immediate concerns or a long-term overhaul while your team continues billing, we’re here to help.
Sometimes, accounts can slip through the cracks – whether it’s due to payor challenges or internal bottlenecks, it’s an issue even the best teams face. But there’s no need to worry – we’re here to help. Our expert team can step in quickly to catch up on outstanding accounts, resolve lingering issues, and optimize your AR process to ensure smoother, healthier cash flow.
What is a Short-Term AR Clean Up Project?
A short-term AR cleanup project is a focused initiative designed to address and resolve aged or outstanding receivables within a specific timeframe. The goal is to quickly recover lost revenue, improve cash flow, and set the stage for more efficient billing operations moving forward.
Over time, unpaid claims, unresolved denials, and billing errors can pile up, leading to a significant loss in revenue. A short-term AR cleanup targets these issues, ensuring that every possible dollar is collected, and the financial health of your organization is improved. This enables your billing team to stay focused on current operations while we handle the backlog of aged accounts.
How Does it Work?
Our team starts by thoroughly analyzing your accounts to identify and categorize outstanding receivables based on age and dollar value, allowing us to prioritize high-impact items. We then follow up on open claims to uncover the reasons behind unpaid balances. If needed, we submit corrected claims to ensure proper processing and payment.
Next, we tackle denied and underpaid claims, resolving issues, initiating appeals, and taking steps to improve claim acceptance rates.
At the end of the project, we deliver comprehensive feedback and insights, along with actionable recommendations for long-term process improvements to help minimize future AR backlogs and optimize collections. Additionally, we provide guidance on best practices for AR management to ensure sustained success.
We’re here to help!
Call us today to learn how we can assist in clearing your outstanding accounts receivable and improve your cash flow.
