Flatworld's precise and timely AR services help clients reduce bad debt and improve cash flow.
Are you looking for a streamlined system to control and accurately manage your accounts receivable and recovery? Are you falling short of resources to handle your accounts receivable requirements and improve your cash flow? Then, the best option for your organization is to outsource healthcare accounts receivable services to an experienced service provider.
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. Flatworld Solutions will not only save your operational costs but also help in improving the cash flow.
Why Outsource Accounts Receivables Services?
Accounts receivables include 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. Often, 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.
Having been in the healthcare industry for over 16 years now, we understand the client’s requirements with ease and provide the services accordingly. Our team comprises some of the most qualified and skilled medical professionals who can cater to any of your needs. Some of the key services we take care on your behalf include -
At Flatworld Solutions, we can follow-up your pending claims, initiate collections, trace the reasons for claims denials, track outstanding receivable balances by the customer and by the date when payment is due, and provide periodic reports
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
Apart from the above-mentioned services, we have the required expertise and skills to also provide the following services -
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
Software We Leverage for Accounts Receivable Services
Being one of the leading providers of accounts receivable services in the industry, we believe in providing our clients with the best quality services within a quick turnaround time. This is possible by making use of the latest and best healthcare accounts receivable tools and technologies. Some of the software we leverage include -
Outsourcing healthcare accounts receivable services to Flatworld Solutions will give you access to several benefits that you can take advantage of. Some of the key reasons for you to choose us include -
Our healthcare accounts receivable services at Flatworld Solutions are cost-effective and we always deliver our services ahead of schedule
We begin the accounts receivable services only after signing the HIPAA agreement. This ensures that all the patient-related data is completely safe and not divulged to any third party
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
We will assign a dedicated project manager who will always be the single point of contact for all your needs and keep you updated
We provide round the clock support to our clients. All our teams including the sales teams, call center agents, and project managers are always available via phone or email
We have the required skills and expertise to easily ramp up the service requirement as and when the client needs it
We have access to the best infrastructure in terms of world-class office spaces, the latest tools and technologies, and uninterrupted network connections
Client Success Stories
Healthcare Accounts Receivable Services
A leading client was looking for a reliable partner who could provide error-free accounts receivable services. We provided the services and helped them improve their cash flow.
Flatworld Solutions has been a leading provider of accounts receivable services and a series of other healthcare BPO services to clients across the globe. Our team comprises some of the most skilled and talented medical professionals who have over 100+ man years of experience in the healthcare industry and can cater to any of your needs.
If you are looking for a reliable, cost-effective, and error-free accounts receivable service provider, then you have come to the right place.
Contact us to outsource healthcare accounts receivable services.