We do more than just manage your receivables. Our advanced AR service integrates seamlessly
into your
existing workflow, while we proactively tackle denials and underpayments, employing
rigorous accounts
receivable follow-up measures with payers.
KG Invicta Consistently Delivers, Guaranteed!
95% Insurances
Verified within
30 minPreauthorization
Obtained within
Individual practices benefits
Verified before
5 daysHow We Enhance Your AR Management
Precision Tracking: Monitoring claims, especially those that cross the 30-day threshold, for timely action.
Engaging with Payers: Consistent interactions with payers to resolve underpaid claims to ensure every dollar is accounted for.
Prompt Error Addressing: Rapid identification and rectification of discrepancies in rejected claims.
Upholding Data Integrity: Through meticulous cross-verification of data sources and medical code validations.
Patient Relations: Maintaining active communication channels with patients regarding their outstanding balances.
Enhanced Efficiency: Accelerating AR cycle times and reducing the aging of outstanding claims.
Decoding Our AR Management Process
EDI Rejection: Addressing claims that are rejected due to discrepancies or errors identified by systems, be it data mismatches, missing information, or incompatible formats.
Claims Management: Our dedicated team ensures no claim goes unnoticed. Regular liaisons with insurance entities, persistent status checks, and an in-depth grasp of claim specifics form the crux of its operations.
AR Analysis: We examine outstanding accounts meticulously to ensure prompt and accurate payment collections. By leveraging our deep understanding of medical billing codes, insurance policies, and regulations, we spot trends in denial patterns to preempt issues. This lets us streamline the process and boost revenue without needless back-and-forth with insurance companies. Simple words will be powerful. Such words in between are confusing
Denial Management: Unravelling the reasons behind claim rejections, whether they stem from coding errors, overlooked timelines, or other challenges, and strategizing their effective resubmission.
Payment Postings: This crucial step involves recording and reconciling payments from insurance companies, patients, and other payers. We enter payment data accurately into your billing system, update patient accounts, and maintain transparent financial records. We aim to ensure every transaction aligns with its corresponding claim and benefit, keeping your financial books clean and clear.
Collections Management: Our efficient collections team focuses on two key objectives: diligent tracking and follow-up on pending amounts for maximum revenue retrieval, all while upholding ethical standards and ensuring patient satisfaction.
Stay at the forefront of the healthcare sector with financial processes that are as streamlined and efficient as your medical services.
We help you uncover the full potential of your operational efficiency.
Reach out to us for better ideas and stragies for an effective RCM.
Schedule a conversation with our expert.