Accounts Receivable
Medical accounts receivable management in Ophthalmology is the final step in revenue cycle management (RCM) and one of the most important. However, we have new clients that have either overlooked and/or neglected this opportunistic area to maximize their profits. At ECBC, we take pride in having a dedicated team solely focused on providing this service.
What is Accounts Receivable?
For an ophthalmology practice, accounts receivable pertain to the outstanding payments owed to the practice by patients, insurance companies, or other third-party payers for ophthalmic services provided. These services may include eye exams, vision tests, surgical procedures, prescription eyewear, contact lenses, and other eye care treatments.
How Can Managing Accounts Receivable Help Your Ophthalmology Practice?
We have consulted clients that are happy to collect 80% of their collections and give up that 20% of accounts receivable medical billing. This is diminishing their RCM and damaging the overall financial health of their eye care practice.
ECBC believes in maximizing the most of one’s return including your aged receivables. We work diligently to ensure that you collect as much of your outstanding money owed as possible, to optimize your revenue cycle management.
What Sets Eye Care Billing Consultants Apart?
Ophthalmology accounts receivable specialists with ECBC are certified professional billers and some specialize in coding. Our billing specialists come with many years of combined experience and are trained to immediately identify billing trends which will, long term, allow you to realize more of your income while simultaneously reducing the number of days in AR. We maintain close working relationships with our clients and consistently provide helpful feedback; these communications prevent further disruption and delays in billing. At ECBC, we believe our success is fueled by your success.
Assigned Accounts Receivable Billing Specialists
The medical account receivable solutions we provide differ from many of our competitors in that we go the extra mile to resolve any and all issues preventing timely payment. Whether it be an insurance credentialing or participation issue, EDI enrollment issue, claim error or any other problem in between, we take all the required steps to finalize your receivable medical billing so that your claims are processed and paid as soon as possible. In addition, we are available to “scrub” old accounts receivable that have accumulated over time. We even have clients in which we specifically only work on their receivables.
Keeping the lowest receivable possible is our goal for every one of our ophthalmology clients. We ensure that all our clients get paid for all their work completed, specifically accounts receivable which separates us from other ophthalmology billing companies.
Contact ECBC Today!
Reach out today to Eye Care Billing Consultants (ECBC) to learn more about our complete revenue cycle management solutions, and let us handle the business side of things, so you can focus on your patients!