Why it is Inevitable to Review Your Medical Practice's AR Aging Report?

Telecom Tech Outlook | Monday, May 10, 2021

Working the aging report on a regular basis makes it easier to operate because problem claims are addressed, and missing claims are investigated. Working the AR report on a regular basis reduces the number of allegations that accumulate on the results.

Fremont, CA: It goes without saying that medical professionals understand the significance and effect of claims being rejected and knowing that their billing staff is following up on them. However, it is important to consider whether they have organized their AR into buckets based on the number of days they have gone unpaid.

If one's practice requires more comprehensive information on aged accounts receivable, split the accounts receivable based on CPT codes and insurance Note that running such reports will enable them to learn about their practice's billing success metrics and, as a result, how well their medical billing department is doing.

Let us look at a few things that can be done to make working on the aging report easier:

Work on the Report on a Timely Basis

Working on the aging report regularly makes it easier to operate because problem claims are addressed, and missing claims are investigated. Working the AR report on a regular basis reduces the number of allegations that accumulate on the results. One should keep in mind that if they do not complete their claims report on a regular basis, their workload will increase, and the income period will lengthen.

Make a note of the Actions Taken on Suspicious Claims

Noting down key points related to specific statements that appear questionable will reduce the workload associated with keeping an eye on claims that have been confirmed.

Dispose of the Claims that are Non-Collectible

Having non-collectible statements on a report not only gives practitioners a headache but can also double the job. For example, if one has a two-year-old claim with no grounds for an appeal and can not charge the patient, they can remove the claim from the system.