Accounts receivable refers to the money that is owed to a business by its customers for goods or services that have been provided but not yet paid for. In the healthcare industry, accounts receivable typically refers to the money that is owed to healthcare providers by insurance companies and patients for services that have been provided.
MediCorex can help providers follow up with insurance companies to ensure that claims are processed and paid in a timely manner.
MediCorex can help providers bill patients and collect payment for services, including providing patients with clear and detailed billing information and working with patients to set up payment plans.
MediCorex can help providers recover funds from patients who are unable to pay their bills, and also help providers to identify and recover funds from insurance companies that have not paid for services.
MediCorex can help providers identify and resolve credit balances, which are situations where a provider has received more payment than is owed for a service.
MediCorex can help providers identify and resolve denied claims, which can help increase the amount of money that providers are able to collect from insurance companies.
MediCorex can provide providers with detailed analysis of their cash flow, which can help them identify areas where they can improve their financial performance.
MediCorex can provide providers with a secure payment portal that allows patients to make payments online.
MediCorex can assist providers in self-pay collections by offering a variety of options such as financing plans, payment plans, and discounts.
