A significant asset of all healthcare providers is their accounts receivable services. Outsourcing healthcare accounts receivable services is a favorable option, as you can have a streamlined system of control to accurately manage your accounts receivables and recovery. Outsourcing to Flatworld Solutions can give you access to quality solutions at a cost-effective price.
Flatworld Solutions is one of the best offshore outsourcing providers located in India. At Flatworld Solutions, our main objective is to recover funds as quickly as possible while simultaneously, reorganizing, recruiting, and training our staff to perform these functions as efficiently as possible.
Why outsource accounts receivables services?
Accounts receivables includes the management of many reports dealing with insurance, collection analysis, write offs, bad debt reviews and ratio analysis. It includes the analysis of insurance contracts to ensure that healthcare providers are being reimbursed correctly.
Outstanding claims and delayed collections often place added administrative strain on healthcare organizations. More often than not, insurance companies often deny claims or refuse to pay.
Additionally, federal regulations have become increasingly more stringent. This increases the pressure on healthcare organizations to follow up on denied or appealed claims. The main reasons for claims denials are incorrect/incomplete data entry and incorrect medical coding. Outsourcing healthcare accounts receivable services to Flatworld Solutions can help your healthcare organization to effectively deal with your accounts receivables.
At Flatworld Solutions we can follow-up your pending claims, initiate collections, trace the reasons for claims denials, track outstanding receivable balances by customer and by the date when payment is due and also provide periodic reports
Outsourcing healthcare accounts receivable services to Flatworld Solutions will ensure an increase in cash flow and a reduction in the number of days in receivable
We can ensure better operations through an increase in efficiency, proper guidance and training to the concerned healthcare personnel and statistical dimensions that can help monitor your progress
We offer accounts receivable recovery services wherein Flatworld Solutions skilled staff will identify billing operation problems that result in nonpayment or incorrect payment of claims and resolve the situations
We can research outstanding accounts receivable balances to distinguish collectible and uncollectible amounts
The coinsurance or deductible amounts to the appropriate payers are identified and billed
Flatworld Solutions provides routine reports to customers, detailing collection progress, including payments and recommending adjustments
Read our case study which describes how our expert team provided our client with best-quality accounts receivable services and helped them to improve their cash flow and practice a healthy working style.
Accounts receivable management solutions offered at Flatworld Solutions
Methods of dealing with third party payers
Reimbursement policy & procedures
Proper insurance verification
Instruction on collection techniques
Assistance in reviewing the organizational structure and staffing as well as recruiting the competent staff
Flatworld Solutions - The best partner for healthcare BPO outsourcing
Our aim is to ensure that the healthcare provider is paid punctually and justly for every claim. At Flatworld Solutions, we will not only meet this objective but also ensure that you experience an increase in your revenue!
The cash flow generated by the Flatworld Solutions accounts receivables team will ensure that your healthcare organization is able to maintain a healthy income flow every month
The management of the account receivables system is done through an inexpensive network and by coordinating with the staff we can ensure that the workflow is consistent
The AAPC-certified medical coders at Flatworld Solutions have expertise in both diagnostic coding and procedural coding. They have experience in handling CPT and HCPCS coding as well as ICD coding. All coding services are based on AMA and CMS guidelines
Our healthcare accounts receivable services at Flatworld Solutions are cost-effective and we always deliver our services ahead of schedule