Boost your practice revenue with a trusted Accounts receivable management company and achieve 10x faster growth.
Managing accounts payable and receivable requires knowledge
of medical billing and an understanding of ever-changing payer regulations. Even small mistakes can cause denials, and might delay the payments. Therefore, providers struggle to receive
timely reimbursements and lose valuable revenue despite submitting claims.
Paymedics offers advanced AR management solutions to help organizations save revenue and capture every dollar. We deploy a skilled force with an extensive knowledge base and years of experience to keep A/R days under 40 and recover your receivables.
Every healthcare provider has a demanding schedule with patients. Our professional team follows a proper AR receivable process to reduce A/R duration below without disturbing your busy routine.
A denied claim becomes the biggest challenge for hospitals and physician groups, threatening their financial stability. There are various reasons for claim denials, including inaccurate coding, missing information, or lacking medical necessity.
Our recommended AR management solutions are designed to simplify the entire A/R receivable and payable process. We have in-house A/R experts to record accurate patient data and file claims after detailed verification, ensuring quick payments against the services rendered.
Here is how our Tech-powered AR management solutions help you avoid overpaid claims and achieve financial growth.
Efficiently managing accounts payable and receivable is crucial to optimized financial health. It involves dealing with challenges like endless reporting, debt collections, and write offs. Healthcare organizations often lack the skills and resources to manage accounts receivable and experience outstanding claims or denied collections.
Aging ARs or bad debts become a hurdle for healthcare experts in getting quick payments. They stop following up on these payables and suffer revenue loss. Our leading Accounts receivable services experts regularly follow-through with payers to turn your payable into reimbursements.
A Smooth A/R collection process of hospitals and physician groups plays a key role in timely reimbursements. Our in-house experts proficiently handle everything, reducing administrative workload and allowing you to focus on providing top-quality patient care.
When accounts receivable are delayed, the providers write them off. Outsourcing accounts receivable services allows them to get access to a brilliant team that audits the write-offs and reopens the claims to bring back your hard-earned money.
Juggling between the patient-care and pending reimbursements? Looking after both ends only drains your resources causes revenue leakage and threatens your ability to offer uninterrupted patient care. Outsource AR services to Paymedics, a leading AR Receivable collections company to avoid the administrative workload, and witness a quick revenue flow.
We have a dedicated accounts receivable (A/R) department that follows a structured approach when reviewing your medical billing process. Our experts go through every document to identify mistakes, rectify them, and resubmit the claim to shorten your account receivables duration. We publish comprehensive AR reports in a format that clients easily understand and trust our expertise.
Whether you are a small healthcare organization operating on fewer resources or an established setup, We offer professional accounts receivable services for small business and larger facilities to enhance your operational flow and boost profitability.
Outsourcing accounts receivable services to Paymedics reduces your costs required to train an in-house resource and significantly increases practice revenue.
Partnering with a trusted A/R management company reduces the chances of mistakes, enhances profits.
Keeping up with ever-changing payer regulations is a complex task. Paymedics remains intact with payers to ensure your practice is compliant and maximizes practice revenue.
Keeping a close check on the existing medical process reduces the chances of mistakes, allowing providers to offer quality treatment, leading to improved patient care.
Reach out for an audit and find out how much aged revenue our experts can retrieve for you. Let our team conduct a comprehensive audit of your current accounts receivable.
Paymedics understands the value of your hard-earned money and offers unmatched accounts receivable services for small business and established healthcare organizations that reduce A/R delays, improve process efficiency.
Let’s explore how our top-notch A/R services make a positive impact on your practice’s financials and help you accomplish sustainable practice growth.
Our Accounts Receivable Collections team follows up on the unpaid claims and efficiently manages the appeals. We carefully track the given deadlines and submit accurate documentation to fast-track the reimbursements and improve financial outcomes. Through a systematic process, we recover the missed payments and reduce unwanted delays.
A first-pass claim rate requires precise knowledge about coding and payer guidelines. While providers are unaware of complex payer regulations, and face repeated claim denials. Being a leading accounts receivable management company, we identify the root cause of denials, fix the issues, and empower clients to take the right action.
On-time and transparent reporting is essential for calculating the revenue earned from the patient treatment. We create custom reports to ensure providers receive real-time dashboards having key metrics about A/R days and collection rates. Every report is designed according to the client’s instructions to ensure clear financial insights.
Outsourcing accounts receivable management to Paymedics enhances the organization’s operational productivity and financial health. Our team of certified A/R professionals manages incomplete records, aging data, and all legacy claim backlogs, which disrupts the revenue flow.
Our competent billing team follows a coordinated approach for patient responsibility collection to help providers capture every dollar against the healthcare services rendered. It includes flexible payment plans, personalized follow-ups, and digital outreach. This improves the patient collection process while maintaining accuracy and transparency.
Aged claims drop revenue and increase cash flow problems for the healthcare organizations. Lacking follow-up on these claims causes poor financial reporting and increased administrative burden. We perform a comprehensive research on the Aged analysis by breaking down insurer type and age to bring out the high value claims. Our experts adopt a precise approach towards denied claims and find out the barriers hindering your reimbursements.
We are responsible for ensuring that your practice grows rapidly while maintaining the highest standards of patient care. Our customized solutions successfully meet the requirements of small, medium, and large-sized healthcare organizations struggling to achieve financial stability.
Paymedics is a growth-driven medical billing services provider known for its proven A/R solutions that help organizations improve A/R health while maintaining patient satisfaction.
We have a pool of talented AR experts to handle your accounts receivable complications, identify the flaws, and smooth the process flow for better productivity and higher revenues.
Forget the denied claims with our expert assistance and start getting 10x faster reimbursements. We are known for helping clients suffering from denied claims and struggling to increase their practice profits.
Paymedics has in-house talent to help reduce denied claims and increase the revenue reimbursement process. Our team combines years of expertise with advanced technologies to fix mistakes in every claim and resubmit it for the desired outcomes.
Looking for trusted Accounts receivable services to reduce A/R days and get quicker payments. Get in touch and discover how our recommended A/R solutions help you receive timely payments while boosting patient satisfaction.
