AR Management Service
What is AR Management?
In AR Management, a dedicated team, like the one at Millenium Medical Billing, systematically tracks and follows up on unpaid claims and invoices. This includes identifying claim denials, reconciling discrepancies, and resubmitting claims with corrections when necessary. The goal is to minimize outstanding accounts receivable, accelerate cash flow, and improve the overall financial efficiency of the healthcare practice. Effective AR Management not only ensures that the practice receives due payments for services rendered but also plays a vital role in maintaining a stable revenue stream, allowing healthcare professionals to focus on patient care rather than grappling with billing complexities.
Benefits of Hiring Millenium For AR Management
Enhanced Patient Satisfaction
Who we help with medical billing AR Management
Our commitment to efficiency, compliance, and financial success extends across these specialties and more. Our AR management services are designed to alleviate administrative burdens, minimize errors, and ensure timely reimbursements. By choosing Millenium Medical Billing, you invest in your practice's growth and your ability to provide exceptional healthcare services.
- Ambulatory Services
- Cosmetic Surgery
- Dental Sleep
- Dentistry (Frenectomies)
- Family Practitioners
- Fertility Specialists
- General Surgery
- Hormone Replacement
- Mental Health
- Occupational Therapy
- Orthotics & Prosthetics
- Pain Management
- Physical Therapy
- Physician Practices
- Speech Therapy
- Urgent Care
Why choose Millenium for medical billing AR Managment?
By partnering with Millenium, you gain access to specialized expertise, streamlined processes, and efficient revenue cycle management. Our tailored solutions alleviate these challenges, ensuring consistent cash flow, compliance, and the freedom to focus on delivering exceptional healthcare services.
Frequently Asked Questions
Why outsource your billing to a Medical Billing Company?
Medical Billing regulations tend to be complex and are ever changing. MMB stays up to date on the latest rules and requirements in order to maintain maximum reimbursement. Outsourcing your medical billing provides you more time to concentrate on your patients and practice.
Is there a contract?
There is no time binding contract you are free to cancel at any time.
How is the information transferred from your practice to MMB?
MMB utilizes any method convenient for your practice. For example: mail or courier service, fax, email or web based programs
When is billing submitted?
Billing is submitted within 24 hours.
Is there an initial set up cost?
No, there is no initial set up fee required.
What is the turnaround time on claims?
Turnaround time can be as quick as two weeks for electronic claims.
What is the cost for our services?
MMB charges a percentage based on what is collected each month. An invoice is sent to the client at the end of every month. Our fees are competitively priced and vary based on the size of your practice, and the scope of services provided.
Can MMB facilitate out of state contracts?
Yes, we absolutely can & we do! Our clients are located through out the Unites States.
Can MMB furnish references?
Yes, we absolutely can upon request.