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A/R Management Solutions, LLC is a consulting firm dedicated to growing medical practices into successful businesses. As a medical management consultant, we offer healthcare insurance billing by evaluating the needs of each practice and offering solutions to help the practice become more efficient and profitable. A/R Management Solutions, LLC will free office staff from menial work so that they can concentrate on patient care.
The premise that physicians graduate from medical school to run a “practice” is no longer a reality. Physicians run businesses—and will encounter the same challenges as any other company. Unfortunately, with the decreases in reimbursement from Medicare, Medicaid, and other insurance providers, physicians are working harder “practicing” medicine, which leaves very little time for necessary, but often neglected administrative tasks. This is where it would be essential for various medical practices to depend on A/R Management Solutions, LLC as their medical management consultant.
Staying current with insurance specifications and regulations to ensure claims are paid on time, collecting receivables, keeping fee schedules at the maximum allowable rates, or updating procedure and diagnosis codes so that claims are not rejected—these are the core services that are often overlooked.
In many offices, the accounts receivable are growing tremendously and bad-debts are written off because there is not enough time to tend this aspect of the business. Large profit margins that previously would allow medical practices to ignore sound business procedures are no longer adequate. Medical practices can no longer afford to be complacent and ignore healthcare insurance billing. They must adopt efficient business practices and must seek resources for continued growth, stability, and profitability.
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