Accounts Receivable Recovery Audit
For any healthcare business, AR management is one of the most critical services that need regular monitoring and management. Medleeds provides the pro service in managing your accounts receivable efficiently. Our team supports hospitals and other businesses in the healthcare industry to increase their income by recovering outstanding receivables.
We also ensure the integration of any necessary software that might ease the process and our experts train your team on all aspects of the software. Medleeds strives to boost your revenue by at least 20-35%.
What makes Medleeds unique?
- Timely posted pending payments,
- Filing the claims on time or re-filing with proper evidence to show timely submission.
- Regular follow-ups on claims through available channels,
- Prioritize the resolution and send a detailed report with a list of collective measures to improve the procedure in the future.
Aging
Most of the claims get rejected since they cross the timeline of one year. Every procedure has its timeline and any reimbursement should be claimed within a year. Medleeds realizes and understands the importance of this TAT and prioritizes the claim submissions accordingly. Our team categorizes the claims based on aging and the payer to rule out the ones that might not yield. This lowers the AR%, indirectly increasing the revenue percentage of the business.
However, enjoying this result requires a proper understanding of the business model, the payers’ list, and their rules and guides. Medleeds ensures a thorough meeting with your team to understand your business. This thorough understanding helps us to recover even the claims that are on the verge of the write-off.