Blog - Advanced Reimbursement Solutions

Healthcare Reimbursement for Doctors

You are there for your patients. That is the reason that you decided to become a doctor. However, it is also necessary to be reimbursed for your expenses. You have a great deal of overhead. You are paying for your facility, your equipment, staffing, and more. That is why it is vital that you receive payment for your services. You are not in your practice for the money. Your main goal is to help the men and women who turn to you in order to receive the best in care. But the only way that you can deliver first-rate service is if you can pay your bills. As the costs in providing medical services continue to rise, we invite you to learn more information about how Advanced Reimbursement Solutions provides healthcare reimbursement for doctors.

Open the Door to More Possibilities

You have discovered that it has become more of a struggle to collect payment for your services. Your patients have higher co-pays and are forced to foot more of the bill. You may receive your back bills eventually, but it can be a long, drawn-out process. Meanwhile, you have costs that must be met immediately. It is a frustrating situation. In order to find solutions that will resolve the problem and ease the burden, let us help you. By providing healthcare reimbursement for doctors, we can connect you with more efficient solutions. You will find that your practice will run more efficiently. It is a matter of turning to the experts so that you can focus on giving your patients the care that they deserve.

Stop Worrying About Payment and Focus on Care

You don’t want money to be an issue when you are providing vital services for your patients. If there is too much of a burden placed on the men and women who turn to you, there is more of a likelihood that they will not seek care. If you are struggling to meet your expenses, you will have to cut corners. Finding effective solutions for healthcare reimbursement will not only benefit you. It will make it possible for you to be a better provider for your patients. Get in touch with us at Advanced Reimbursement Solutions to get all the facts about how we offer healthcare reimbursement for doctors. Contact us today in Wilmington or Phoenix to learn more!

Benefits of Medical Billing Management

The vast majority of medical facilities out there can benefit from using some form of medical billing management. Surprisingly, there are still a few clinics out there that are finding it difficult to completely embrace electronic medical billing. They do not fully understand the benefits that come from embracing this form of technology.

First, medical billing management helps a business when it comes to their bottom line. It improves the way that cash flows through your business, and it can minimize the amount of money you’re spending on administrative costs. Medical billing makes your facility run smoothly and more efficiently.

One way it does this is by minimizing billing errors. If there is a billing error, this can slow down a claim or can lead to a claim being denied. This inevitably interferes with the cash flow of the practice. It can lead to you needing to pay out to a third-party or lead to problems with an accurate billing and coding.

Interestingly, medical billing management does more than simply keep track of the financial aspects of your medical practice. It allows you to remind your patients when they have an upcoming visit. This is an automated service, so you don’t need to remember to remind your patients that they have an upcoming visit. This saves you time and money in the long-run.

One of the primary reasons why a claim may be denied is that authorization for service is no longer valid. Medical billing management will let you know when you need to ask for an authorization of a service. Again, this saves you time and prevents interruptions in your cash flow.

When it comes to billing, especially when we’re talking about businesses that work with cosmetic medical procedures, there are a lot of things that need to be documented and remembered. It is easy for a practitioner to overlook a session with a patient, thereby not billing the patient. Medical billing management makes it easy to capture all of the services that you have provided, guaranteeing that your patient is accurately billed.

Most medical practices see a return on their investment in just a matter of months after taking advantage of medical billing management. It allows them to keep better track of their patients, interact more efficiently with insurance companies, and provide a more streamlined and cost-effective service.

Please take a moment to get in touch with us at Advanced Reimbursement Solutions to see how we can help you with medical billing management. Contact us today in Wilmington or Phoenix to get started!

Advanced Reimbursement Solutions for Your Medical Reimbursement Needs

The healthcare industry is booming and thus, all professionals who have the appropriate training, licensing, and facilities should be able to maintain highly profitable practices. Unfortunately, however, this is rarely the case. Without the right medical reimbursement systems in place, practices of all sizes can struggle in maintaining consistent profits. This is especially true whenever there are deficiencies within the medical billing and coding systems that these offices use. Fortunately, surgery centers, physicians and providers of durable medical equipment can use Advanced Reimbursement Solutions to streamline this aspect of their operations. There are some incredible benefits that you can gain by taking advantage of these innovative services.

Get Streamlined Billing Solutions

Advances Reimbursement Solutions (ARS) is a full-service company that prides itself in offering a range of multi-dimensional services. Collectively, these are capable of meeting all medical reimbursement needs within the healthcare field so that individual practices are not having to bring a number of full-time, salaried specialists on board at an exorbitant cost. ARS can review the HCPC and CPT codes, contracts, billing rates, equipment and technology of their clients in order to assist them in growing their presence and position within their local medical communities. From end to end, your company can have a strategic and well-organized billing plan that not only expedites the receipt of payments, but also makes it easy to keep your operational costs under control.

Generate More Revenue

Streamlining all aspects of your billing process will invariably help your practice generate more revenue. This will allow you to start growing your operations by investing in the latest and most cutting-edge equipment, improving your facilities, and hiring the top talent in your field to assist you in the areas that need the most help. Moreover, outsourcing these responsibilities to ARS will additionally give many members of your team more time to focus on the needs of your patients. This can lead to notable improvements in patient satisfaction, increased word-of-mouth advertising, and greater goodwill, among many other things.

Payment-Related Data That You Can Access Anywhere

For many physicians and practices, the greatest fear in outsourcing their billing responsibilities is the inability to stay abreast of these activities at every possible level. This, however, is never a worry with ARS. ARS provides solutions with unrivaled transparency. Practices that use ARS can take advantage of web-based data that’s updated in real-time. This allows physicians and facility managers to access payment reports and other info anywhere and anytime via secure online portals.

Advanced Reimbursement Solutions has a Corporate HQ located in Wilmington, as well as a Western regional office located in Phoenix. Contact us today to get started with our process!

What is HRA Insurance?

Whether you are a doctor or a patient, navigating the world of health insurance is by no means an easy feat. There’s a lot to review and a lot to understand. HRA insurance adds yet another factor to the mix. Commonly referred to as a health reimbursement arrangement, this is a system that can offset your out-of-pocket spending in multiple areas. Following are some things you need to know about HRA insurance, including the many benefits it can provide.

HRA Insurance Can Cover a Number of Qualified Medical Expenses

An HRA is a health reimbursement account that’s funded by a third party. This is usually a consistent, annual contribution that can be used to pay for things like deductibles and co-pays. HRAs can be paired with just about any health insurance plan to make using this coverage far less costly to the policyholder. Not only does HRA insurance offset out-of-pocket spending for the doctor, but it also gives consumers the ability to consider a much broader range of plan types.

How HRAs Work

With an HRA, a specific amount of money is set aside for a patient to use for qualified medical expenses each year. The primary difference between an HRA and most other health spending accounts is that the third party will be the sole party funding the HRA. No other parties will be authorized to make HRA contributions.

Every HRA comes with an Explanation of Benefits or EOB that outlines the terms and conditions of this agreement. For instance, the EOB will state whether or not policyholders will maintain access to their HRA benefits. It will also state the duration of this continued access.

Additional Considerations About HRA Insurance

As a healthcare provider, you owe it to yourself to do everything you can to make sure that your patients are your top priority. Dealing with the insurance and financial aspect of your practice should not have to be stressful for you. This is where the team at Advanced Reimbursement Solutions can help. We are experts concerning all things HRA insurance, and we can help you take your practice to the next level, which will ultimately benefit both you and your patients.

Advanced Reimbursement Solutions has locations in Wilmington and Phoenix. Contact us today to learn more about our specialized process!

When to Consider Seeing a Medical Billing Specialist

All businesses have the need and right to receive timely payments for services rendered. While many companies get paid on the spot, the healthcare industry is another story entirely. Delayed payments can place a considerable amount of financial stress on medical practices of all sizes. Unfortunately, however, many of these entities do not have sufficient manpower on hand for coding and submitting requests for payments on a regular basis. Moreover, most growing practices simply cannot justify the costs of hiring their own full-time, in-house billing specialists. The good news is that there’s an increasing trend in outsourcing these responsibilities, and many practices have hired a third-party medical billing specialist with impressive results. If you are looking for a state-of-the-art medical billing system, look no further than Advanced Reimbursement Solutions!

Regular Coding Errors

It’s one thing for practices to submit their invoices in a timely fashion, and another thing entirely to submit requests for payment that are properly coded and free of all other administrative or accounting errors. If your practice is regularly receiving claim denials or requests for additional information from insurance companies, seeing a medical billing specialist could be the surest way to avoid unnecessary delays like these and expedite your payments.

Dwindling Patient Care

Another sure sign that you need the help of a professional medical billing specialist is a growing inability to meet both the administrative needs of your office and the needs of your clients. Medical billing can be a very intricate and time-consuming process. Rather than having your front office staff devote their energies and time to tackling mounting paperwork, you can have these professionals fully engaged in patient care. This can mean the difference between having relaxed and friendly team members greet and service your incoming clients and having a flustered, frustrated crew that’s unable to take the personable approach to patient care that you want your practice to be known for.

Getting Started

Working with a third-party medical billing specialist will give you access to the accounting and coding expertise that your practice deserves while enabling you to tightly control your overhead costs. At Advanced Reimbursement Solutions, we handle all stages of health insurance claims and are at the ready to assist you in your medical reimbursement needs. We have locations in Wilmington and Phoenix. Contact us today to learn more about how our process can benefit you!