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Maintaining Healthy Cash Flow
At MedRev, we understand the critical importance of maintaining a healthy cash flow for your medical practice. Our Accounts Receivable (AR) Recovery Services are designed to efficiently recover outstanding payments.
Understanding Accounts Receivable Recovery
Unpaid and aged receivables represent significant financial challenges for healthcare practices.
Unpaid Claims
Outstanding claims that haven't been reimbursed, affecting your practice's cash flow.
Aged Receivables
Claims that have been outstanding for extended periods, becoming more difficult to collect over time.
At MedRev, we ensure that your practice remains financially robust by efficiently recovering outstanding payments and addressing the root causes of delayed reimbursements.
Our AR Recovery Process
Our AR Recovery team consists of seasoned professionals who tackle outstanding claims with expertise and precision.
Comprehensive Review
We thoroughly analyze billing records to identify all outstanding claims.
Problem Identification
We pinpoint the exact reasons for unpaid claims, from denials to billing errors.
Corrective Actions
We implement necessary fixes, including claim corrections and follow-ups.
Regular Follow-Up
We consistently engage with insurance companies and patients to ensure timely payments.
Why Choose MedRev for AR Recovery?
Efficient Solutions
Our team specializes in identifying and resolving unpaid claims with a 96% collection rate.
Experienced Professionals
With extensive experience in medical billing, we adeptly handle complex AR issues.
Maximized Revenue
We proactively address claim denials and expedite collections to enhance cash flow.
Patient-Centric Approach
Our courteous communication ensures positive patient relationships.
Advanced Technology
We leverage cutting-edge software to track claims and optimize recovery processes.
Our AR Recovery Workflow
Initial Review
Comprehensive analysis of billing records to identify outstanding claims that need attention.
Problem Identification
Determining specific reasons for unpaid claims, such as denials, coding errors, or missing information.
Corrective Actions
Addressing all identified issues through claim corrections, appeals, and necessary documentation.
Regular Follow-Up
Consistent engagement with insurance companies and patients to ensure timely payments and resolution.
The MedRev AR Recovery Advantage
96% Collection Rate
Our specialized team boasts an impressive 96% success rate in recovering outstanding claims.
Specialized Expertise
Our professionals have extensive experience in medical billing and AR recovery across various specialties.
Improved Cash Flow
Our systematic approach to AR recovery significantly improves your practice's financial stability.
Reduced AR Days
MedRev consistently reduces the average age of receivables, turning aged claims into revenue.
Proven AR Recovery Results
Our clients typically see significant improvements in their revenue cycle metrics:
96%
Collection success rate
30-40%
Reduction in AR days