Credit Balance Resolution Services
Leverage our credit balance services to locate the root of the issue, make the required fixes, and keep your credit balance from increasing.
Overpayments from patients or payers, usually as a result of inaccurate posting of allowances, missed postings, and duplicate payments, are referred to as credit balances. Any credit balance that exists in your accounts receivable ledger is a liability that, if unrepaired, could expose you to serious compliance risks and fines. Our objective is to effectively handle those risks and help you achieve financial stability by locating the source of errors, paying any accrued credit balances, and preventing them from happening again.
Utilizing knowledgeable billing specialists and automation of processes that is enhanced by intelligent workforce management methods, make sure that overpayments or adjustment errors are rectified.
Credit balances lead to inflated accounts receivables when payers repay more than what was charged, patients pay more than what was reported, or improper charge modifications were made in the billing system. Providers risk penalties or allegations of suspected theft of funds if credit from overpaid claims is not promptly returned.
By allocating one or more of our knowledgeable billing specialists to their project, we assist healthcare providers in overcoming their credit balance difficulties by lowering the volume of credit balances in their accounts receivable and processing the necessary reimbursements.
Our team at MedAR Resolve, springs to action as soon as credit balances when:
- Payer reimbursed more than what was charged
- Patient paid more than quoted
- Duplicate payment by payer and patient, or primary and secondary payer
Payments were not posted correctly
Partner with MedAR Resolve, to solve your credit balance challenges. We offer customized solutions to help you manage and secure the financial viability of your healthcare organization.