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AN ORGANIZED METHOD FOR APPROACHING HEALTHCARE INNOVATION

ronyx rcm

Accounts Receivable Management.

Several processes make up Accounts Receivable Management. They are geared towards identifying denied and unpaid claims, ensuring those claims are re-filed, minimizing AR days, and eliminating aging claims from the AR position.

Ronyx RCM offers an easy way for Healthcare Providers to keep track of their account and credit history. In order to collect outstanding Medical Accounts Receivables, extensive follow-ups are conducted. Phone and email follow-ups are used to ensure that the patients remain aware of their debt and that any issues with the payment are promptly resolved. This process helps ensure that the Medical Billing department receives payments on time, which in turn enhances the overall financial performance of the health care institution.

Accounts Receivable Management.
ronyx rcm

What Is The Importance Of A/r Follow-up In Medical Billing?

A constant rise in the number of medical services provided by hospitals, physicians, and nursing homes is to be expected in the future. Healthcare organizations benefit from an effective insurance model for recovering overdue payments from insurance carriers. In this case, Accounts Receivable (A/R) follow-ups come into play and play a key role in the success of the process. It helps health service providers run their businesses smoothly and successfully while ensuring that the money owed is paid back as soon as possible.

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Here's what you get with Ronyx RCM

Here's what you get with Ronyx RCM

The following benefits are offered to our clients through our full suite of Accounts Receivable and Denial Management services:

Resolve claims as soon as possible

Our objective is to fix the claims rather than obtain their status.

Metrics and Dashboards

In order to focus our efforts on resolving A/R, we generate multi-variate reports.

Automation of the workflow process

The insurance companies must answer a set of questions for each claim status code to resolve the claim successfully.

Web Development

In order to reduce efforts to manually check claims status, we are adopting technologies such as web portals for checking Claims status.

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Managing Accounts receivable clearance projects

There are several reasons hospitals, physicians, and medical practices often encounter problems with old accounts receivable, including the lack of staff to follow up, ineffective write-off policies, and ineffective closures. As a result, thousands of insurance claims will be piled up in aged accounts receivable. Clearing the A/R backlog is handled as a one-time project using a robust process that includes the following:

In-depth analysis

To analyze claim quality, claims are grouped based on how old they are, the type of payer, and whether or not they were filed on time. As a result of this analysis, we can ascertain the quality of accounts receivable, the number of collectible accounts, and how much the accounts are worth after they have been cleared.

Formulate guidelines

There aren’t always clear policies and procedures in a healthcare provider’s office. When there is a change in leadership or there isn’t a clear policy on write-offs and negotiations with insurance companies, this can make A/R situations messy. A/R backlog clearance projects let healthcare providers and our billing company customers set collection goals, decide how negotiations will work, and decide how many times a claim must be tried to be considered uncollectible.

Account Receivable Follow-Ups With Ronyx RCM

With over 03 years of experience in medical Accounts Receivable, Ronyx RCM is one of the leading providers of these services. Our team of A/R specialists has a lot of experience and has worked with many different insurance companies, so they know all of their policies inside and out. We ensure that our clients don’t have any trouble getting paid for their services.

Don’t hesitate to contact us or speak with one of our representatives if you have any such requirements. We’ll get back to you within 24 hours.

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