Efficient Billing. Faster Payments. Financial Peace of Mind
Professional Medical Accounts Receivable Services
Ever feel as though medical accounts receivable services just send claims out and hope for the best? With increasing denials and payer delays these days, that’s no longer enough to maintain your cash flow.
At Preferred MB, we handle AR as income you’ve earned but not yet collected. We drive proactive follow-ups, early payer trend identification, and speedy issue resolution so your practice doesn’t suffer from increasing A/R days or unstable income.
- Faster collections
- Reduced aged AR
- Real claim follow-ups
- Clear daily reports
What Accounts Receivable Looks Like at Preferred MB
At Preferred MB, we don’t treat AR as just another task on the list. We see it as your practice’s real cash flow in action. That’s why our team works on every unpaid claim daily instead of letting it sit for weeks waiting for a follow-up.
We act like an extension of your finance team. Our specialists call payers directly, resolve denials with proper codes, and keep you updated. No wondering what’s collected or what’s stuck. You always know where your money stands, without chasing updates yourself.
We track every dollar daily.
Aging claims are reviewed and escalated without delays.
We clear denials fast.
Our coders fix issues and send appeals without waiting days.
We keep AR cycles tight.
Your payments come in quicker, not months later.
We work as your team.
Real people, familiar with your billing, handling AR like it’s theirs.
Let’s Get Your AR Collected—Without Adding More Work for You
Switching to Preferred MB is simple. We review your AR setup for free, show you exactly what’s missing, and handle collections while you stay focused on patient care.
How Our AR Process Turns Your Cash Flow Around
Medical AR isn’t merely pursuing old claims; it’s about creating a recovery system that avoids delays in the first place and keeps cash flowing steadily into your practice.
Our expert team reviews every aspect of your AR cycle, identifies bottlenecks, and implements workflows that minimize ageing accounts, accelerate payments, and keep your financials peaceful and stable.
Claim Review & Audit
No waiting for payments to show up. Stop rejections at the source, Enforce payer-specific compliance, Shorten resubmission delays
Active Payer Follow-Up
No waiting for payments to show up.Payer-specific follow-up teams, Rapid escalation of hung-up claims, Regular reminders to avoid write-offs
Patient Balance Resolution
Keep patients informed and payments flowing in without hassle.Clear, timely patient statements, Lenient payment plan arrangements, Courteous, professional communication
What We See Behind Every Unpaid Claim
We don’t believe practices fail at billing. They’re just built for care, not collections. Every time we audit a new practice, these same cracks appear – silent leaks no one sees until revenue dips. Here’s exactly what we correct and how.
| What’s Happening | Why It Keeps Slipping | How We Fix It at Preferred MB |
|---|---|---|
| Claims go out with small errors | Busy staff copy old codes without double-checking | We verify codes daily so claims don’t bounce back |
| AR keeps rising silently | No one is watching old claims closely | Dedicated AR team follows up every 7-10 days |
| Patients ignore bills | Confusing or delayed statements never get paid | We send clear statements fast, with simple payment links |
| Denials are left unresolved | Denials marked in EHR but never appealed properly | Our denial team fixes and resubmits within 48 hours |
Accounts Receivable Services We Provide
Managing accounts receivable isn’t just about calling payers. It’s about clean processes that keep your revenue stable and your team free for patient care. At Preferred MB, we handle every part of A/R with clarity and speed so you never wonder where your money is stuck or why payments are delayed.
Claim preparation and submission
Bills are prepared accurately and submitted quickly, so payments come without extra delays.
Payment posting and tracking
Every payment is posted and tracked clearly, so no revenue slips unnoticed ever.
Denial management and appeals
Denials are reviewed and appealed fast, so revenue doesn’t stay locked for months.
Patient statements and follow-ups
Patient bills are clear and timely, so payments are made without confusion or calls.
Refund processing and credit memos
Refunds and credit notes are issued efficiently, keeping ledgers balanced and compliant always.
A/R reporting and analysis
Detailed reports show trends and gaps so we keep your collections improving monthly.
Why Practices Choose Preferred MB for Account Receivable Services
Most companies just process your AR and move on. We don’t. We keep an eye on every dollar until it’s collected, so you’re not left wondering where payments are stuck.
- Over 97% of claims go through clean on the first try
- Payments usually land within 25 to 35 days
- Denials stay well below industry averages
- Older A/R is reduced faster than most practices expect
- Reports show you exactly what’s collected and what’s pending
- Quick, clear help whenever you need it
We handle your AR like it’s our own revenue. That’s why practices trust us to keep their collections smooth and their worries low.
FAQs
Medical AR services involve managing unpaid claims and outstanding payments for healthcare providers. These services include claim follow-ups, denial management, payment posting, and appeals to ensure healthcare practices receive timely reimbursements from insurance companies and patients.
Providers outsource AR services to reduce administrative burdens, improve cash flow, and minimize claim denials. According to industry reports, 30-40% of medical claims are initially denied, and outsourcing helps recover these revenues efficiently while allowing staff to focus on patient care.
Studies suggest that 5-10% of a medical practice’s revenue is lost due to uncollected accounts receivable. For a small practice billing $1M annually, this could mean $50,000-$100,000 in lost revenue without proper AR management.
Advanced AR solutions use AI-powered analytics, automated claim tracking, and predictive modeling to identify denial trends and prioritize high-value claims. Some platforms reduce AR days by 20-30% by streamlining workflows and reducing manual errors.
Key factors include a strong track record of successful collections, expertise in various medical specialties, transparent reporting, compliance with healthcare regulations (like HIPAA), and a dedicated team that can efficiently manage your accounts.