Old AR / Legacy AR
Is your billing team fatigued with mounting claims and unknown reasons amounting to old and aged AR?
Prolonged negligence of old and aging AR eventually destabilizes the revenue cycle. Many healthcare
organizations experience revenue loss due to the absence of a structured AR management process. At
QWay Healthcare, we assist such businesses in streamlining their accounts receivable follow-up
procedures and increasing revenues. Our experienced professionals regularly review unpaid claims and
implement strategies to shorten the AR process time.
QWay Strategies To Reduce Denials
Follow up services: Our experts closely follow up for the pending claims, investigate into denied
claims, and work towards bringing down the A/Rs percentage with appropriate strategies.
Recovery services: We identify the potential billing scenarios and perceive the different set of
actions to be followed driven by data and strong framework.
Analysis reports: We look deeper into the problems and challenges that occur throughout the month and
analyse the possible outcomes for the future cases in the form of monthly financial reports. We take
into account various deductible amounts like coinsurance, non-collectibles, and others and help you
with billing them the same efficiently.
Follow ups with insurers: A large amount of claims turn into aged A/Rs due to non compliance of follow
up with insurance companies. Our teams follow defined set of actions and closely monitor the account
receivables following up processes with insurers.
Old AR clearance: Improper follow-up skills and poor management techniques lead to mounting of old AR
resulting in loss of potential revenue streams. Our teams strategically follow up for the backlogs and
pave way for declogging of the aged ARs.
How do we work?
We recover old AR & manage them judiciously by
Qway Healthcare
Outstanding Performance
Global Support Network
Exceptional Communication
Seamless Satisfaction Guarantee
Being aware of the TFL
We are a medical billing company that proactively works towards avoiding AR pile up. The Timely Filing
Limit which is considered as one of the main reasons for AR pile -up varies from one payer to another.
We learn the pre-determined TFL of the payer and submit claims accordingly
Timely filing of Appeal
A denied claim needs to be carefully assessed by the account receivables professional. It is important
to file an appeal within 7 days of receipt of denial notice from the payer. We watch it on time when
it comes to re-filing of appeals, in order to crunch down on ageing AR.
ATB, AR Report and EDI:
Using an EDI report allows us to easily track the change in the status of the reports. The ATB (Aged
Trial Balance) report throws a lot of light on the outstanding amount due and the AR Report enables
the accounts receivable professional to contain the DRO (Days in Receivables Outstanding) within the
60 and 90 days.
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Why choose QWay Healthcare for Old AR / Legacy AR?
We care for your time and assure you the timely follow-ups for clearance of aged ARs.
We follow industry standards and procedures for appropriate filing of the claims and investigating
into loopholes of the mounting denials. We follow HIPAA guidelines and ISO/IEC 27001:2013 ISMS
compliant.
Our expertise across multiple industries enables us to comprehend the procedural complexity faced by
healthcare organisations, and our highly skilled medical data entry professionals address these issues
to provide timely, effective services at reasonable prices.
We designate a committed project manager who will serve as your single point of contact and keep you
informed at every stage of the project.
Got a question?
Talk to us to optimize your revenue cycle
Dial our numbers and get an instant response to your queries.