AR Recovery Services | Chrom MD
At Chrom MD, we understand that unpaid claims and aging accounts receivable (AR) can significantly impact your cash flow and revenue cycle. That’s why we offer comprehensive AR recovery services to recover outstanding revenue, even from old AR accounts exceeding 120 days.
Unlike many medical billing companies that bundle AR recovery into a full RCM package, Chrom MD offers standalone AR recovery solutions tailored to your practice’s unique needs. Whether you’re dealing with aging claims, insurance denials, or patient balances, our team has the expertise and technology to get you paid faster.
Case Study Result
April 1st
Start Date
1 Year
Review Period
$80,000 - $140,000
Collection Increased
70%
Revenue Growth
How We Systematically Recover Lost Revenue
At Chrom MD, we don’t just chase high-dollar claims—we track, manage, and recover every possible payment, ensuring you receive the revenue you deserve. Our innovative approach to claims management ensures no claim is left behind.
Chrom MD’s 4-Step Strategy for AR Recovery
With years of experience, we’ve developed a proven system to recover aging AR accounts efficiently. Our strategy is fast, effective, and results-driven.
Systematic Evaluation
When our AR team begins providing account recovery solutions for a new client, we start with a comprehensive review of every outstanding claim. While some claims may be expired or deemed non-collectible, we focus on identifying all recoverable ones and take immediate action.
Unlike many medical billing companies that prioritize only high-dollar claims, we believe in the value of every payment. Smaller claims can quickly add up, making a significant difference to your bottom line. That’s why we diligently pursue every claim with the potential for recovery.
Prioritization for Faster Recovery
Our team prioritizes the analysis of older unpaid claims to ensure none expire before processing. By leveraging advanced analytical tools, we effectively minimize medical account receivables and stay ahead of payers’ requirements, helping you maximize your revenue. We maintain consistent follow-ups with each payer to recover overdue payments, allowing you to focus on your practice with confidence that your bottom line is in good hands.
Claim Correction & Resubmission
Our dedicated taskforce ensures that no claim is rejected, denied, or underpaid due to a lack of follow-up. We make the necessary corrections or clarifications and promptly appeal each claim to encourage reconsideration by insurance or government payers. Additionally, we closely monitor claim denials and rejections to identify recurring issues and implement permanent solutions, streamlining your revenue cycle management process.
Patient Communication
Effective patient communication is at the core of a smooth revenue cycle management process. Our team ensures clear, compassionate, and timely communication with patients regarding their billing inquiries, payment options, and insurance coverage. We believe that transparent communication not only improves patient satisfaction but also accelerates payment collection.
By providing patients with easy-to-understand explanations of their statements and financial responsibilities, we help reduce confusion and foster trust. Our dedicated representatives are always available to assist patients with questions, ensuring a seamless experience from appointment to final payment.
Why Chrom MD? AR Recovery Is Our Specialty!
Every year, millions of dollars are lost due to unmanaged unpaid claims. At Chrom MD, we specialize in recovering lost revenue, even from accounts that others have written off. Unlike traditional AR billing services, we don’t charge high fees or avoid low-value claims. Our efficient system enables us to work on both high and low-dollar AR recovery profitably.
Our AR Recovery Features Include:
✔ Prioritization for Maximum Recovery
We ensure claims don’t expire and take the most efficient recovery approach.
✔ Dedicated AR Recovery Team
We assign a specialized AR team to analyze and recover every outstanding claim.
✔ Pay Only for Successful Reimbursement
Our risk-free model means you only pay when we recover payments.
If we don’t succeed in collecting, you don’t owe us a dime.
✔ Consistently High Collection Ratios
Our experienced recovery specialists achieve an over 90% success rate—even on claims over a year old.
Streamline Your Practice with Expert Billing Management
ChromMD handles all administrative aspects of physician billing, including appointment
scheduling, patient record management, and insurance claim processing.
What Our Clients Say about Chrom MD
Hear from healthcare professionals who have transformed their revenue cycle with ChromMD. Our commitment to accuracy, efficiency, and exceptional support has helped practices maximize their revenue and streamline operations. See how we’ve made a difference!
Chrom MD has proven to be an invaluable asset to our practice. Their meticulous attention to detail and efficient follow-up process have ensured that every claim is handled with accuracy. Since working with them, we’ve seen a substantial improvement in cash flow and a reduction in outstanding balances
Chrom MD has proven to be an invaluable asset to our practice. Their meticulous attention to detail and efficient follow-up process have ensured that every claim is handled with accuracy. Since working with them, we’ve seen a substantial improvement in cash flow and a reduction in outstanding balances
The team at Chrom MD is incredibly knowledgeable and responsive. Their ability to navigate complex billing issues has saved us countless hours of administrative work. Their AR recovery strategies have also helped us collect payments we thought were lost, making them an essential part of our success.
