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AR Recovery

MaxGain RCM’s AR Recovery Services Boost Revenue Maximization

MaxGain RCM provides a wide array of AR management services, specializing in recovering outstanding revenue from accounts aged over 120 days. Our system has demonstrated exceptional effectiveness in increasing recovery rates, even for accounts previously considered uncollectible.

Unlike many medical billing companies that bundle AR recovery solutions within a revenue cycle management package, MaxGain RCM offers AR medical billing recovery services as a standalone option. We recognize that one-size-fits-all solutions don't work for healthcare receivables and are dedicated to addressing the specific needs of your business.

2019-2020 Case Study Results

AR Recovery

MaxGain RCM’s Four-Part Strategy for AR Recovery

Our strategy for managing aging AR accounts is built on years of experience. Our approach to old AR recovery is streamlined, ensuring it is both swift and effective.

AR Recovery

Systematic Evaluation

When our AR team provides account recovery solutions to a new client, the first step is a comprehensive review of every unresolved claim. While some claims may have expired or are otherwise uncollectible, we identify all recoverable claims and begin working on them immediately.

Unlike many medical billing companies that target only high-dollar claims in aging AR, we understand that smaller amounts can quickly add up for our clients. Therefore, we diligently examine any claim that has the potential for payment.

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AR Recovery

Prioritization

Our team prioritizes the analysis of older unpaid claims to ensure none expire before processing. By leveraging advanced analytical tools, we minimize medical account receivables and stay ahead of payers' requirements to maximize your revenue. We consistently follow up with each payer to recover overdue payments, allowing you to focus on your practice with confidence that your bottom line is being managed.

AR Recovery

Claim Correction and Resubmission

Our dedicated taskforce ensures that no claim is rejected, denied, or underpaid due to a lack of follow-up. We make the necessary corrections or clarifications and appeal each claim, prompting the insurance or government payer to reconsider the payment. Additionally, we monitor your claim denials and rejections to identify and eliminate recurring issues, enhancing the efficiency of your revenue cycle management system.

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AR Recovery

Patient Communication

If our AR team determines that the outstanding balance should be paid by the patient, we generate a clear and easy-to-understand report and send it to them. If you prefer, we can also manage direct interactions with your patients. Rest assured, we are not a collection agency, so you won't have to worry about giving the wrong impression to your patients.

We have found that patients are more likely to pay their bills when they understand the charges and agree with the amount due. To facilitate this, we ensure everything is clear and easy to comprehend. Additionally, we can handle their phone calls and answer any questions they may have, if you would like us to.

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