Curb Bad Debt Write Offs

Dec 10, 2020

The Pandemic has impacted the financial stability of individuals as well as organizations. There is rise in the number of claims being written off as bad debt due to multiple reasons such as High Deductible plans, Lacunae in RCM Processes, Variance in policies and procedures amongst payers, Everchanging Reimbursement Models etc.

Inadequate tools and technology, lack of trained staff, shortage of resources, absence of efficient strategies can lead to aging claims ending up being written up due to exhausted efforts and timelines.  At this crisis time, team at clarus can work as your extended arm during shortfalls that includes remote Coding, Compliance/Retro Audits, Aged AR clean up and Coding backlog support.  We help you have:

  • Focused approach to prioritize tasks

  • Identify easy fixes that will improve revenue flow

  • Deal with unaddressed denials

  • Ensure appeals are submitted

  • Automate processes to address volumes with accuracy

  • Rigorous follow up with payers on outstanding bills

  • Rebill activity for no response claims

While the above activities ease cash inflow, our Advanced Analytics and RPAs will enable to anticipate bad debt and curb them by fixing the process gaps thereby reducing the overall processing time.

Our team has exclusive plug and play capabilities that would allow you to opt for short term/long term special projects with a very lean transition period and at a very reasonable cost.

 

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