Follow-Up / Denial Management
Accounts Receivable (A/R) refers to the money owed to your practice by insurance companies and customers for out-of-pocket expenses. Managing A/R effectively is crucial to maintaining healthy cash flow and maximizing revenue. At Essential Billing Solutions, we specialize in managing your A/R efficiently and ensuring that every dollar owed to you is collected.
Our Denial Management process involves thoroughly investigating each claim denial, performing root cause analysis to identify the reasons behind them, and analyzing trends across different insurance carriers. By redesigning and refining your processes, we help reduce the risk of future claim denials, ensuring you don’t forfeit revenue unnecessarily.
Additionally, we provide a comprehensive Accounts Receivable Analysis that is reviewed regularly with you by your dedicated Essential Billing Solutions representative. This includes key insights such as payer response time, aging, collections, underpayment, and expected collections reports, as well as a detailed breakdown of charges, payments, and adjustments.
With our expert management, you’ll have a clear understanding of your A/R, allowing you to focus on delivering care while we handle the financial details.
