The amount due to providers or medical billing companies for medical healthcare services is referred to as Accounts Receivable (AR). Accounts Receivable Management is a set of methods that includes determining denied/unpaid payments, re-filing corrected claims, reducing AR days, and removing aged AR.
For a provider, medical ar management services could be the most difficult and important aspect of Revenue Cycle Management. It’s normal for practices that use in-house billing to have trouble collecting planned receivables because certain claims don’t get the focus they need.
Account Receivable Management is time-sensitive, and you must ensure that the appropriate steps are taken as soon as possible.