Medical billing is a complicated process, and getting through the process smoothly requires awareness from a well-trained staff. An effective practice management system is key to facilitating clean and accurate claims.
Once you’ve ensured efficient claims processing, and high first pass acceptance rates, the next step is to secure the owed amount from the payer in a timely manner.
Here are the top 3 reasons why claim follow-up is important.
The financial health and success of any practice or healthcare service provider is dependent on maintaining positive cash flow. In order to provide patient care and cover expenses, it’s important that payments are not delayed, lost, or denied.
At CollaborateMD, we know one of your daily tasks is pursuing every dollar owed. Our medical billing software automates this task with our Claim Follow-Up feature that generates patient and payer collection worklists, allowing you to prioritize follow-up tasks, boost collections, and reduce your days in A/R.
With Claim-Follow up you are able to track and resolve denials, track follow-up history, prioritize custom worklists of balance-due accounts, and easily view A/R reporting to pinpoint and resolve any issues. This key billing feature helps you capture more revenue and creates a more sustainable medical practice.
At CollaborateMD we are obsessed with getting your medical claims paid fast. All of us at CollaborateMD are here and ready to help make your life easier.
Give us a call at 877.480.6517 for more information.