Outsourcing Accounts Receivable Management: How It Helps Your Practice

AR follow up is one of the most important tasks dental practices should take care of inorder to avoid significant loss of revenue. However, dental practices face a lot of challenges dealing with their AR follow up. Therefore, it is advisable for them to work on a structured process that removes undue stress.

Outsourcing the accounts receivable process is an ideal solution. By outsourcing, you will get professional help from experienced billers who can help you save on manpower and cost. At Capline, our objective is to reduce the time of AR follow up. For the same, we regularly follow up on pending claims. Our accounts receivable team strategizes the right approach by conducting an analysis of pending AR with regular follow up of insurance provider and patients. Our team proactively follows up with insurance companies on claims that are pending for more than 30 days. This helps us in settling the denials in a timely manner.

Why Claims Get Denied?

Below are some of the key reasons why claims gets denied:

• Incorrect Demographic entry.
• Incorrect Coding.
• Incorrect Charge entry.
• Incomplete documentation at the time of claim submission.

We help practices avoid payment delays by:

• Reviewing all claims before submission to significantly cut down on error rate
• We spend time reviewing the reasons for denials
• We thoroughly evaluate recent trends to find out different ways of fixing the problems that lead to denials and rejections
• We have a dedicated team of experts who are involved in the different aspects of accounts receivable process like billing, payment posting, coding, analyzing denials and so on.
• Our experts research the claim denials via carriers, rejections and low payments received by the carrier.
• Our AR team regularly follows up with the insurance company to identify the claim status.
• We also submit reports on the audits conducted. The most common ones include aging AR reports, outstanding payment report and much more. These reports make sure no denials occur in the future and payments reach on time. The team also ensures that there is no under or overpayment.

There are many dental billing companies in the US that struggle with AR management. Therefore, it is good to outsource dental billing services to an experienced dental billing company in USA. Having multiple years of experience, Capline has been providing unmatched Accounts Receivable Management services to its clients. So, we are an expert team to trust when it comes to maintaining cash flow of your practice. Schedule a call and see how our experts can work to improve the revenue of your practice.