Collections and Denial Management Services
We take responsibility for all aspects of the revenue cycle, from front-end registration to back-end collections
Collections and Denial Management Services
Denials and delinquent accounts can significantly impact a healthcare provider’s revenue. Our dedicated team specializes in:
- Key Services
- Denial analysis and root cause identification
- Appeals processing
- Account follow-up and collections
- Patient communication and payment plans
- Legal collections (if necessary)
- Benefits
- Reduced denials and write-offs
- Improved cash flow and revenue recovery
- Minimized bad debt
- Enhanced patient satisfaction
- Improved overall financial health
Complete Collections and Denial Management Services: A Holistic Approach to Revenue Cycle Optimization
Denials and delinquent accounts can significantly impact your revenue. Our robust collections and denial management strategies help you recover lost revenue and improve your cash flow.
Denial Analysis and Appeals
We analyze denied claims, identify the root causes of denials, and develop and implement strategies to prevent future denials. We also handle the appeals process to ensure you receive the reimbursement you deserve.
Payment Plan Options
We offer flexible payment plans to help patients manage their medical bills and improve patient satisfaction.
Account Follow-Up
We employ a multi-channel approach to follow up on outstanding accounts receivable, including phone calls, letters, and email reminders.
Legal Collections
We have established relationships with reputable legal partners for cases requiring legal intervention.
Benefits of Our Collections and Denial Management Services
Reduced Denials and Write-offs
We minimize the impact of denials on your revenue by identifying and addressing the root causes of denials.
Improved Cash Flow
By accelerating the collection of outstanding accounts receivable, we help you improve your cash flow.
Minimized Bad Debt
We minimize bad debt by implementing effective collection strategies and pursuing all viable avenues for recovery.
See why MedBill is the best.
High Reimbursement Rate
- 95% success rate on first submissions
- 95% success rate for prior authorizations & pre-certifications
Fast Turnaround Times
- Less than 5% accounts receivable outstanding for over 90 days
- Denial management within 24 hours
- Rejection handling within 24 hours
- Claim submission within 24 hours of receiving them
- 12-day average Medicare turnaround
- 7-day average Medicaid turnaround
- 15-day average commercial turnaround
Excellent Customer Support
- Dedicated account manager
- 24/7 phone and live chat support
MedBill Pro stands out for its exceptional performance and unwavering commitment to client success. With a 95% success rate on first submissions and prior authorizations, they ensure your claims are processed efficiently and accurately. Their rapid turnaround times, including 24-hour denial management and rejection handling, minimize delays and maximize reimbursement. Coupled with a dedicated account manager and 24/7 support, MedBill Pro provides the comprehensive and responsive service you need to streamline your revenue cycle and focus on patient care.
Reduce Administrative Costs by up to 45%
Experience a significant boost to your bottom line with our proven strategies. By slashing administrative costs by up to 45%, you can unlock new levels of efficiency and profitability. This translates to reduced overhead, improved cash flow, and the ability to invest in growth and innovation within your practice
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Comprehensive Support
24/7
Get your billing right, anytime! Our 24/7 DEDICATED BILLING SPECIALISTS are always on, ready to boost your revenue. No breaks, no delays, just non-stop billing support for your RCM needs. Ready for hassle-free billing? Hit us up now and see how we keep your cash flow healthy.