A/R Collections Management, Get Paid On Time
GoBill helps you reduce AR days, improve cash flow, and boost collections rate.
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Minimize and Decrease Accounts Receivable
Hospitals, independent practices, and healthcare providers often get mired with old A/R piles. Collection follow-ups and identifying the status of claims under the payer’s filing system are hindered by inefficient processes unable to streamline communication between different stakeholders, untrained staff, or lack of necessary backend resources.
Collect more payments on time
- Categorize Insurances by Response Speed/Denials Rate.
- Increase Billing Cycles sent to insurance companies and patients for a higher chance of early collection.
- Enable Pre-Pay as Appointments.
- Run Periodic A/R Reports.
- Track and Analyze Trends/Fluctuations in A/R.
Eliminate bad debt write-offs and unpaid claims
- Check AR Status Daily.
- Increased Follow-Ups with Outstanding Accounts While Maintaining Caller Ethics.
- Exhaust All Alternative Payment Options Before Deciding on a Write-Off.
- Verify Insurance Benefits Prior to Care Delivery.
Improve patient satisfaction
- Collect Payments at Service Point.
- Periodic Statement Reminders to Patients.
- Perform Audits on Collection Procedures.
Submit invoices on time
- Adhere to a Timely Credit & Collection Policy.
- Maintain Average AR Age Below 25 Days.
Track Claim Status
- Digitize the AR Ledger Database & Filing System.
- Prioritize Follow-Ups on AR overdue by 20 Days.
- Enroll in Electronic Funds Transfer (EFT).
Minimize Claim and Payment Errors
- Examine Claims Prior to Submission.
- Perform Quality Control.
Higher Reimbursement Rates
GoBill helps you apply a set of policies and procedures that eliminate those costly invoicing errors stomping your stream of cash flow and messy collection processes holding back your business from delivering quality patient care.
Make your problems a thing of the past, we’ve got the solution package:
- Collect more payments on time
- Examine Claims Prior to Submission.
- Perform Quality Control.
- Eliminate bad debt write-offs and unpaid claims
- Examine Claims Prior to Submission.
- Perform Quality Control.
- Improve patient satisfaction
- Examine Claims Prior to Submission.
- Perform Quality Control.
- Submit invoices on time
- Examine Claims Prior to Submission.
- Perform Quality Control.
- Track Claim Status
- Examine Claims Prior to Submission.
- Perform Quality Control.
- Minimize Claim and Payment Errors
- Examine Claims Prior to Submission.
- Perform Quality Control.
Minimize Claim and Payment Errors
Minimize Claim and Payment Errors
Minimize Claim and Payment Errors
Minimize Claim and Payment Errors
Minimize Claim and Payment Errors
Minimize Claim and Payment Errors
Track Claims
We know submitting claims isn’t the last step before getting paid, in fact, according to recent studies, only 70% of providers are reimbursed for claims from the first submission.
We assess and track unpaid claims according to the following:
- Timeframe and limit of filing.
- Age of the insurance claim.
- Type of payer and their rate of denials or speed of payment.
- How many times patient statements have been sent.
Develop Policies & Procedures
For Aging A/R highlights problems within ineffective policies and procedures regulating the process of account collections.
Our proven guidelines improve the:
- Negotiation process with insurers.
- Number of claim resubmissions to obtain a collection.
- A/R backlog clearance and prevention of future accumulation.
Medical Database System
Support your claims submission documentation and negotiations with insurers using our technology-assisted A/R service, Your data is retrievable and secure
- Follow-ups on A/R past 20 days of age are prioritized
- All documentation is logged in and retrievable from the database
- Claims to be submitted, pending, or waiting to be refiled are never lost
