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According to the American Medical Association (AMA) reports, between 1.38 percent and 5.07 percent of claims are denied by insurers on the first submission. It is a very pivotal part of any medical & non-medical providers to maintain account receivable management in smooth and timely manner. Account Receivable Management is the process of collection of work including identification of denied/unpaid claims, re-filing of the corrected claims from aging slots.
Do you want to increase reimbursement rate and save your business financially?
CareClaimz is here to assist you with your AR Management through our well- organized process where our AR department reviews and categorize the denial reports, rejection Code, Reason Code, containing information on denials and write-offs Trends. The audit team investigate and analyzes previous denials trends and pass the correct instructions to the billing department in order to reduce the error rate in future billing. Then analyze the denial issues log and review the trends in insurance denials that had been identified in order to determine whether the actions taken were effective enough to reduce similar denial in future.
We are among fastest growing Revenue Cycle Management Companies and we tailor our services according to your practice and business needs. We drive your business in new directions of financial growth.