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Healthcare Accounts Receivable Services

Outsource Healthcare Accounts Receivable Services

Outsource healthcare accounts receivable services to Outsource2india and enhance cash flow and reduce claim denials at prices starting at $1280 per FTE per month

By shortening the "days in the healthcare accounts receivable" cycle, Outsource2india can help improve your cash flow and reduce claims denials, thus turning healthcare accounts receivables into cash. As a leading healthcare accounts receivable service provider, Outsource2india can help with AR calling, following up pending claims, initiating collections, tracing the reasons for claims denials, tracking outstanding receivable balances by the customer and by the date when payment is due, providing periodic reports, and more.

We are a premier healthcare accounts receivable company and our AAPC-certified medical coders know the ins and outs of both diagnostic coding and procedural coding. They are experienced at handling CPT and HCPCS coding. We code for surgery, lab, and other tests based on the guidelines of AMA and CMS. We also do ICD coding related to the CPT and HCPCS codes based on AMA and CMS guidelines. Read more about our medical coding services.

Our Healthcare Accounts Receivable Services

Outsource2india is a leading provider of medical accounts receivable services & solutions and can help you avoid payment delays from Medicare as well as from other third-party insurance payers by offering these services -

  • Claims Reviewing Services

    Claims Reviewing Services

    We spend time on reviews at the front end, rather than spend a long time later dealing with each denial. This cuts down significantly on the error rate.

  • Maintaining a Billing and Coding Claims Review Log

    Maintaining a Billing and Coding Claims Review Log

    As part of our healthcare accounts receivable management, we track the trends for each healthcare BPO provider, based on the remittance advice from Medicare as well as the EOBs (Explanations of Benefits) from all third-party payers. We monitor and evaluate these trends to find ways to fix the problems causing the denials and rejections for your practice.

  • Monthly Billing Review Services

    Monthly Billing Review Services

    When you choose outsourcing healthcare accounts receivable services, all the staff involved in the healthcare accounts receivable function, i.e., those who perform tasks such as data entry, coding and documentation, billing and payment posting, and analyzing denials and down coding, get together once a month to review -

    • All recent insurance carrier newsletters and notices of any billing or coding changes
    • Current practice issues that are relevant to the billing function, and
    • An analysis of the trends noted from the "claims review log," including how these trends are being handled and the effect on the accounts receivable, measured both in terms of the percentage of error and as "dollars and cents."
  • Additional Services

    We provide a comprehensive range of healthcare accounts receivable oursourcing services for healthcare, which include -

    • Billing preparation and mailing after customer approval
    • Recording and accounting for revenue
    • Entering details of the receivable transactions into the system
    • Prepare and deliver periodic statements
    • Issue of refund checks and credit memos
    • Maintaining an accurate subsidiary receivables ledger
    • Performing process adjustments approved by the customer
    • Generating medical accounts receivable reports
    • Providing healthcare accounts receivable deductions management services

Why Do I Have to Face So Many Claim Denials?

We will use Medicare as an example but this could apply to Medicaid or other third-party insurance companies as well. Medicare claims get denied mainly for the following reasons.

  1. Incorrect or missing ICD-10 diagnoses
  2. Incorrect or missing CPT-4 modifiers
  3. Duplicate claim
  4. Additional information needed to process the claim
  5. Claim billed amount incorrect
  6. Incorrect or missing CPT procedure code
  7. Physician's name and/or UPIN missing or incorrect
  8. Incorrect or missing place of service code
  9. Incorrect or missing quantity of services (Service billed without "quantity" noted, or with multiple quantities indicated in error on claim)
  10. Services inappropriately bundled

As you can see, some of the main reasons for claims denials are incorrect/incomplete data entry and incorrect medical coding.

Outstanding claims and delayed collections place added administrative strain on a hospital or physician's practice. On one hand, insurance companies often deny claims or refuse to pay them. On the other hand, federal regulations have become increasingly more stringent in the USA. Recently the federal Centers for Medicare & Medicaid Services announced that they would reduce the time physicians are given to file an appeal against a claim denial - from six months to 120 days. This increases the pressure on the staff at your healthcare practice to follow up on denied or appealed claims.

Other Services You Can Benefit From

Why Outsource Healthcare Accounts Receivable Services to Outsource2india?

There are a host of benefits to outsourcing your healthcare accounts receivable services to us. These include -

  • Affordable Pricing Options

    Our healthcare accounts receivable solutions are extremely cost-effective. We provide hourly pricing and FTE (full-time equivalent) pricing as well as bulk discounts.

  • High-quality Services

    We are ISO-certified and make use of all the latest best practices to always provide extremely relevant and up-to-date healthcare accounts receivable solutions.

  • Superb Infrastructure

    We have the required infrastructure and skilled resources to enable us to provide exceptional quality healthcare accounts receivable services in India.

  • Tools and Technologies

    Our team uses the latest and best healthcare accounts receivable management tools and software to provide cutting-edge services.

  • Structured Process

    We make use of a streamlined and time-tested process for the delivery of all our healthcare accounts receivable outsourcing services.

  • Experienced Team

    Our healthcare accounts receivable team has 22 years of experience in providing a wide range of healthcare accounts receivable solutions.

  • Data Security

    We take data security very seriously here at Outsource2india. We are also fully compliant with the General Data Protection Regulation (GDPR) and other applicable regulations.

  • Short Turnaround

    As a top healthcare accounts receivable company, our experts will always provide their services within as quick a time as possible since we understand how critical time can be for you.

Client Success Stories

O2I Provided Rehabilitation Transcription Services Provided to a Healthcare Provider

O2I Provided Rehabilitation Transcription Services Provided to a Healthcare Provider

Outsource2india provided reliable and accurate rehabilitation transcription services to its client and helped also helped it sync its data to a new EMR system.

Read more
O2I Helped a Medical Imaging Firm with Quick Teleradiology Services

Quick and Accurate Teleradiology Services Provided to a Medical Imaging Firm

A leading medical imaging service provider required quick teleradiology services. We provided high-quality and accurate services, thereby reducing the turnaround time and helping the client save on costs.

Read more

Outsource Healthcare Accounts Receivable Services to Outsource2india

Testimonials

I want to thank you both for the great job you are doing. I could not be happier with my decision to work with you. I am looking forward to our continued relationship and growth.

Owner, Medical Billing Services Company, California, USA More Testimonials »

Outsource2india is a leading provider of healthcare accounts receivable services in India and abroad and has the experience, people, technology, and in-depth domain knowledge to address your specific needs in healthcare accounts receivable services. If you want to ensure that you get paid promptly and in full for each healthcare claim and increase your revenue significantly, outsource healthcare accounts receivable services to Outsource2india. We also provide other similar services such as Orthopedic Medical Billing Services, Emergency Medicine Billing Services, Revenue Improvement Services, medical claims processing, payment posting, Occupational Health Billing Services, Plastic Surgery Billing Services, Insurance Claims Processing, radiology medical billing services, and more.

If you would like to find out more about our healthcare accounts receivable services, please fill in the inquiry form and our client engagement team will contact you within 24 hours.

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Starts @ $1280-1440
per FTE/month

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INDIA

No.6, Banaswadi Main Road, Dodda Banaswadi, Bangalore - 560 043


Corporate Court, #15, Infantry Road,
Bangalore - 560 001

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116 Village Blvd, Suite 200, Princeton, NJ 08540

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