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Medical A/R management is a subfield of Accounts Receivable (AR) management specifically focused on managing and collecting payments from insurance companies and patients for medical services provided by healthcare providers. It involves the submission and follow-up of insurance claims, as well as the management of patient billing and collections.
This process requires a good understanding of medical billing codes, insurance policies, and government regulations, as well as strong communication and negotiation skills.
The goal of medical AR management is to ensure that healthcare providers receive accurate and timely payment for their services, while also minimizing the financial burden on
patients. Effective medical AR management can help improve cash flow and
reduce the risk of bad debt for healthcare providers.
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