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AR Recovery

MetRCM's AR Recovery Services Enhance Revenue Maximization

MetRCM offers a comprehensive range of AR management services, specializing in recovering outstanding revenue from accounts aged over 120 days. Our system has proven highly effective in boosting recovery rates, even for accounts previously deemed uncollectible.

Unlike many medical billing companies that bundle AR recovery solutions within a revenue cycle management package, MetRCM provides AR medical billing recovery services as a standalone option. We understand that one-size-fits-all solutions are ineffective for healthcare receivables and are committed to meeting the specific needs of your business.

2019-2020 Case Study Results

Started On

April 1st 2019

Review Period

1 Year

Collection Increased

$86,227.53 to $143,710.45

Revenue Increased by

66.6%

AR Recovery

MetRCM’s Four-Part Strategy for AR Recovery

Our strategy for managing aging AR accounts is built on years of experience. Our approach to old AR recovery is streamlined, ensuring it is both swift and effective.

AR Recovery

Systematic Evaluation

When our AR team begins account recovery solutions for a new client, the first step is a thorough review of every unresolved claim. While some claims may have expired or be otherwise uncollectible, we identify all recoverable claims and start working on them immediately.

Unlike many medical billing companies that focus only on high-dollar claims in aging AR, we recognize that smaller amounts can quickly add up for our clients. As a result, we meticulously examine any claim with potential for payment.

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AR Recovery

Prioritization

Our team prioritizes analyzing older unpaid claims to ensure none expire before processing. Utilizing advanced analytical tools, we reduce medical account receivables and stay ahead of payer requirements to maximize your revenue. We consistently follow up with each payer to recover overdue payments, enabling you to focus on your practice with confidence that your bottom line is well-managed.

AR Recovery

Claim Correction and Resubmission

Our dedicated task force ensures that no claim is rejected, denied, or underpaid due to insufficient follow-up. We make necessary corrections or clarifications and appeal each claim, prompting the insurance or government payer to reconsider payment. Additionally, we monitor your claim denials and rejections to identify and eliminate recurring issues, thereby enhancing the efficiency of your revenue cycle management system.

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AR Recovery

Patient Communication

If our AR team determines that the outstanding balance should be paid by the patient, we create a clear, easy-to-understand report and send it to them. If you prefer, we can also handle direct interactions with your patients. Rest assured, we are not a collection agency, so there is no risk of giving the wrong impression.

We have found that patients are more likely to pay their bills when they understand the charges and agree with the amount due. To facilitate this, we make sure everything is clear and easy to comprehend. Additionally, if you prefer, we can manage their phone calls and address any questions they may have.

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