Accounts Receivable Management
Efficient Collection Strategies for Improved Cash Flow
Franklin Med Billing is your final destination if you are searching for influential accounts receivable management services! Our work is done on your behalf and in your clients’ languages. We manage your unpaid bills based on your clients’ prior payment behavior.
Our technology balance client retention with AR risk to optimize cash flow. We handle your entire sales ledger and further customize our strategy for your receivables as a step up from our accounts receivable support services. You keep control and don’t need to raise expenses. Call us for a consultation.
Search for professionals with relevant experience
Hiring professionals for accounts receivable management services can be an excellent way to ensure your business runs smoothly. When hiring professionals for accounts receivable management, look for individuals or firms with experience. Experience brings expertise in managing accounts receivable.
Check for their credentials
Ensure the professionals you hire are qualified and certified in their field. Credentials such as the Certified Receivables Professional (CRP) or Certified Credit and Collection Professional (CCCP) can indicate that the individual has the necessary skills and knowledge to manage your accounts receivable effectively.
Our Services Fit Practices of All Sizes and Specialties.
We monitor aging reports, categorize accounts, and identify areas.
Focus on high-value, overdue claims to maximize revenue recovery.
We promptly rework and resubmit denied or underpaid claims.
Our team communicates with patients to resolve outstanding balances.
We give insights into aging accounts and financial performance.
We Believe in Transparency.
Check their communication and interpersonal skills
Effective communication is critical to managing accounts receivable successfully. Hire professionals who can communicate well with clients, customers, and other stakeholders to ensure that the collection process is smooth and efficient.
Evaluate their technology capabilities
Today’s accounts receivable management processes are heavily reliant on technology. Ensure that the professionals you hire have access to and are proficient in using the latest software and tools for accounts receivable management.
BENEFITS OF WORKING WITH US
Transparent Reporting
You’ll receive regular, easy-to-read financial reports, along with insights to help improve billing.
Faster Payments
We submit claims promptly, helping you get paid faster and maintain steady cash flow.
Fewer Denials
Accurate coding and verification reduce claim errors, lowering denials and speeding up reimbursements.
Less Admin Work
We handle billing tasks so your team can focus fully on patient care.
Improved Accuracy
Thorough data checks and precise coding ensure clean claims and accurate financial reporting.
Real-Time Tracking
Track every claim in real-time and receive regular updates on status and payments.
Process for Medical Billing and Revenue Cycle Management
Step 1: Assessment and Onboarding
We begin by reviewing practice’s current billing process. After onboarding, we align our services with your goals.
Step 2: Claims Submission and Management
Our team submits your claims using the latest ICD/CPT codes and ensures everything is accurate, reducing errors.
Step 3: Follow-Up and Denial Management
We actively follow up on unpaid or denied claims, resubmit rejected claims, and work towards maximizing reimbursement.
Step 4: Ongoing Support and Reporting
We provide support, keeping you updated on practice’s financial status and ensuring your revenue cycle runs smoothly.
Accounts Receivable Management FAQ’s
Connect With Our Team for Impeccable Results
Do not deal with accounts and revenue. At Franklin Med Billing, we can provide solutions for accounts receivable management! Call us and get a free estimate!
Let 's Get Started
