Cash flow and revenue management are among the most critical factors in any professionally run practice. At Northwest, we can assist you in driving your business growth by effectively managing your cash and revenue flow, by reducing the accounts receivable days and improving profitability by increasing the collection ratio. Northwest has a large team of AR follow up professionals who can identify patient accounts that needs to be followed up and take necessary action to collect unpaid claims and underpaid claims.
Our payment posting services include:
Verification of payment according to contractual obligations
Verification of incorrect claim denials
Immediate action taken to rectify inaccurate processed insurance payments
Identification and verification of trends that affect large numbers of claims to rectify payer issues
NWRCM Services also include on time reporting of:
Payer punctuality
Payer Mix
Aging analysis, Procedure code analysis, Insurance analysis, cash collection analysis, under payment analysis expected collection report
Charges, payments and adjustments
Our proven cash flow and revenue management services will improve operational cash flow by reducing bad debit and write-offs. We manage customer revenue risk while at the same time improving customer satisfaction.