Accurate cash flow statements make it easy to see the parts of the business that are working and the parts that aren’t, and they help guide you on ideal times to scale. Since the accounts receivable department is a major contributor to the business’s cash flow, making sure the department is running smoothly and efficiently is necessary. Unfortunately, finding accounts receivable management services that fit your needs isn’t always easy. That’s where we can help.
We become part of your team when you bring Medbill to the table. Share your problem areas and goals with us, and we’ll help you find the solutions you need. Our DME accounts receivable services can assist with increasing your collection rate and strengthening your internal efficiencies.
What to Expect with Accounts Receivable Management Services
When you watch outstanding invoices add up, you see the money that could be helping your business meet its goals. Then your team has to invest more time “chasing” after outstanding billings. Instead, keep them focused on what they do best and have the Medbill experts assist you.
Now that we attracted your attention to the importance of AR, here’s what you can expect from our accounts receivable management services.
Resolutions for You
We’ll conduct ongoing work with denied and unpaid invoices until we find a resolution.
Our team takes a proactive approach towards follow-ups to maximize your collection rate.
Prioritize Workflow Processes
We’ll help ensure your current processes are working towards your success. We’ll offer suggestions for any changes that could increase your work efficiency.
Your team will receive regular education on frequently changing payer policies and guidelines.
Maximizing Timely Payments
Thanks to our internal company tools, our team will be able to use a proprietary AR dashboard that will help us to maximize timely payments for your invoices.
One Key Way Medbill Can Support You and Your Business
Did you notice that we said accurate cash flow statements at the beginning of this article? This is because if even one metric is skewed, it can impact your analysis. One of the important main ways we’ll support you is by providing you with a monthly report that contains the data that impacts your business. And data accuracy is a top priority for us!
You can rest easy knowing a Medbill report will provide you with accurate, up-to-date data that focuses on what is important to you. Here’s what one of our customers had to say about our monthly report:
“This scorecard will reinforce, influence, and be the provender for intelligent discussions and decisions. We have been in business for over 30 years and have never had the metrics, let alone the data, that we do now. We are with the right people at the right moment. Please keep up the great work!”
Learn How We Can Support You
Contact our team to learn more about our accounts receivable management and other DME billing services and discover how we can help your business this year!