Expert Accounts Receivable Management Services in the USA

Managing accounts receivable (AR) in the healthcare industry can be overwhelming, especially with complex insurance claims, reimbursement delays, and growing administrative burdens.

At ARCM Med Solutions, we offer outsourced accounts receivable management services at just 3.99%, ensuring healthcare providers get paid faster, reduce outstanding balances, and maintain a steady cash flow.

 

Accounts Receivable Management Services We Offer

Comprehensive Healthcare AR Management

We handle all aspects of accounts receivable management, including:

  • Claim Submission & Follow-Up: Ensuring timely and accurate claims processing.
  • Denial Management & Appeals: Reducing claim denials and recovering lost revenue.
  • Insurance & Patient Billing: Managing insurance claims and patient balances efficiently.
  • AR Recovery & Aging Reports: Identifying and resolving unpaid claims.
  • Payment Posting & Reconciliation: Keeping financial records accurate and up to date.

Without proper credentialing, healthcare providers risk delayed payments and compliance issues. Our medical and healthcare credentialing services include:

  • Provider enrollment with insurance networks.
  • NPI and CAQH registration.
  • License and certification verification.
  • Ongoing credentialing maintenance and renewals.

Why Healthcare Providers Need Accounts Receivable Management

Managing accounts receivable (AR) is essential for the financial stability of any healthcare provider. Without an efficient AR process, medical practices, hospitals, and healthcare facilities face cash flow problems, delayed payments, and revenue loss. Here are key reasons why AR management is necessary:

  • Ensures Steady Cash Flow: Delayed payments can cause financial strain. AR management ensures timely reimbursements from insurance providers and patients.
  • Reduces Claim Denials: Errors like incorrect coding and missing documentation lead to claim rejections. AR management tracks, corrects, and resubmits denied claims for faster approvals.
  • Prevents Revenue Loss from Aging Accounts: Unpaid claims over 90-120 days are harder to recover. AR management focuses on collecting outstanding balances before they become uncollectible.
  • Lowers Administrative Burden: Handling AR internally adds workload and reduces focus on patient care. Outsourcing AR management lets healthcare staff prioritize treatment while professionals handle collections.
  • Ensures Compliance with Regulations: Medical billing must follow HIPAA, Medicare, and Medicaid rules. AR management reduces compliance risks and legal issues.
  • Reduces Bad Debt Write-Offs: Unmanaged AR leads to unpaid accounts being written off as bad debt. A structured AR process improves collection rates.
  • Improves Patient Payment Tracking: With more patients responsible for medical bills, AR management helps track payments, send reminders, and reduce outstanding balances.
  • Maximizes Revenue Collection: A structured AR system ensures every dollar earned is collected efficiently, reducing revenue leakage.

Why Choose ARCM Med Solutions for AR Management Services?

Choosing the right accounts receivable management partner is crucial for maximizing revenue and ensuring smooth financial operations. ARCM Med Solutions stands out as a leader in healthcare revenue cycle management, offering unmatched expertise and results-driven solutions.

Turning Practices into Success Stories

See how our expert Revenue Cycle Management solutions have transformed healthcare practices, improving efficiency and financial performance.