AR Recovery Services Company
VLRCM offers a comprehensive range of AR healthcare receivables solutions and management services for your medical practice, recovering outstanding collections from old AR accounts that are aging more than 120 days. Our system has been proven to be highly effective at increasing recovery, even from accounts that were thought to be lost causes.
Unlike most companies, which only offer AR medical recovery services as part of a RCM package, VLRCM offers accounts receivable recovery services as a standalone option. We don’t believe in a one-size-fits-all approach to AR management solutions and want to meet the unique needs of your business to achieve goals.
Started On
April 1st, 2019
Review Period
3 Months
Review Period
3 $700,000 to $1 million
Revenue Increased
66.6%
SHORTENING REIMBURSEMENT CYCLES AND MAXIMIZING PROFITABILITY
Our best medical billing and experienced healthcare solutions team increase revenue and get payments faster.
Avail Our AR Recovery Services Increase Cash flow
Systematic Evaluation
When our accounts receivable managers take on a new client, the first step is a thorough review of every unresolved claim and complete AR analysis. There may be some that have expired or are not collectible for some other reason, but we find everyone that can possibly be recovered and get to work on it.
We aren’t just looking for the “low hanging fruit” in the account receivable process. Many AR collection companies only look for high-dollar medical claims in aging AR, but we know how fast the smaller amounts add up for our clients, so we look at any claim that could still be reimbursed.
Prioritization
Our AR analysis team analyzes and follow up rejected claims at high priority to ensure that none expire before we get a chance to process them. It is essential to file, process, and submit claims in a timely manner to make them reimbursable. With advanced analytical tools, we always stay afloat of the individual payer’s requirements and help you collect maximum revenue on return.
We consistently follow up with each payer to recover your overdue payments and make your bottom line healthier. Our accounts receivable management solutions enable you to redirect your focus on your practice while ensuring that the owed amount is refunded fastly and accurately.
Unpaid Claims Correction and Resubmission
Patient Communication
If the AR team finds that the outstanding balance should be reimburse by the patient, we generate a report that is easy for them to understand and send it to them. If you would like us to also handle the direct interactions with your patients, we will do that too. Our reliable medical billing collection agency never lets the uncollected patient collections slow down your healthcare revenue cycle management.
We’ve found patients are much more likely to pay their bills if they understand the charges and agree with the amount due, so we help make everything clear and easy to understand. We’ll even take their phone calls and answer questions if you would like us to.
AR Recovery Is One of Our Specialties
All Claims Pursued:
Many billing companies avoid small claims improvement and those that have a lower likelihood of being paid, but not VLRCM. Our system’s efficiency allows us to attempt reimbursement for every claim.
Prioritization For Maximum Reimbursement:
We prioritize claims to ensure that none expire unnecessarily, and the most efficient approach is taken to get the highest reimbursement possible.
Dedicated AR Recovery Services Team:
When we contract to assist with AR, we assign a dedicated team of experienced medical billers to focus on AR follow-ups in medical billing & investigating every unpaid claim.
Pay Only For Successful Reimbursement:
Even though it is a lot of work for us to sort through all your rejected claims, there is no risk of your losing money on old AR. We charge fees only as a small percentage of the amount recovered. If we are unsuccessful at recovering payment for a claim, you don’t pay us, so there is no risk to you.
Collection Ratios Over 90%:
Our well-experienced AR recovery services team has been able to consistently recover over 90% of claims going back as far as one year. That kind of revenue can easily make a big difference in the financial success of any kind of medical business.
Appeal Rejections and Denials:
Most claim rejections and denials are the results of errors or omissions that are easily correctable by our expert billing team. Our AR management best practices enable you to identify and resolve complex issues with a high success rate.
We provide innovative medical software that has been engineered to simplify all aspects of practice management
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