Akshar MediSolutions

Accounts Receivable (AR) Collection in Medical Billing is a vital component of any healthcare practice’s financial health. A practice’s revenue cycle is directly impacted by the speed and efficiency of AR collection, and a delay in payments can cause cash flow problems. It is crucial for medical practices to take proactive measures to improve AR collection and reduce outstanding balances.   What Is AR Collection in Medical Billing? AR collection in medical billing refers to the process of managing and collecting payments from patients and insurance companies for healthcare services rendered. This includes submitting insurance claims, following up on unpaid claims, addressing claim denials, and collecting outstanding balances from patients. Efficient AR collection is essential for maintaining healthy cash flow in any medical practice.   Common Challenges in AR Collection for Small Practices   Delayed or Denied Claims One of the primary reasons for poor  AR collection ...

Running a small medical practice comes with its fair share of challenges. From patient care to managing a team, there’s always something that demands attention. But among all the tasks, one of the most critical aspects often overlooked is medical billing.   The billing process involves submitting claims to insurance companies, ensuring proper reimbursement for services, and following up on unpaid or denied claims. For small practices, this can quickly become overwhelming, especially when the administrative burden competes with delivering quality patient care.   That’s why partnering with a professional  medical billing service  provider like Akshar MediSolutions can bring a world of benefits to your practice.   What is Medical Billing and Why Does It Matter? Medical billing is the process of translating healthcare services into standard billing codes that insurance companies can process. It starts with gathering patient information, including insurance details, ...