Reducing A/R Days in Internal Medicine Billing

Learn effective strategies to reduce A/R days in internal medicine billing and accelerate revenue collection. Discover how structured workflows, accurate coding, automation, and expert internal medicine billing services from AnnexMed
can optimize your practice’s cash flow and financial performance.

1. Reducing A/R Days in Internal Medicine
Billing

2. CONTENTS
`. Why Reducing A/R
Days Matters
a. Verify Insurance and
Patient Information
Early
b. Use Accurate Billing
Codes
c. Submit Claims
Promptly
d. Structured Denial
Management
e. Automate
Repetitive Billing
Tasks
f. Monitor KPIs
Regularly
g. Engage Patients
Proactively
h. Partnering with
Experts
. References . Call to Action

3. `. Why Reducing A/R Days Matters
High A/R days strain cash flow.
Delay investments and practice growth.
Increase risk of write-offs.
Faster collections improve financial stability.

4. a. Verify Insurance and Patient
Information Early
Confirm coverage, benefits, and prior authorizations upfront: Prevents claim denials and
delays.
Reference: HFMA

5. b. Use Accurate Billing Codes
CPT and ICD- accuracy is critical: Reduces claim rejections and underpayments.
Regular coding audits shorten A/R days.
Reference: MGMA

6. c. Submit Claims Promptly
File claims immediately after services: Reduces Days in A/R.
Outsourcing ensures consistent and timely submissions.
AnnexMed for automated claim filing.

7. d. Structured Denial Management
Track, categorize, and prioritize denials: Timely appeals prevent revenue loss.
Recover ‒ % of denied claims.
Reference: Becker’s Hospital Review

8. e. Automate Repetitive Billing Tasks
RPA handles payment posting, claim status checks, follow-ups: Reduces manual errors.
Frees staff for complex claims and patient communication.
Patient portals accelerate self-pay collections.

9. f. Monitor KPIs Regularly
Track Days in A/R, denial rates, and net collection percentages: Identify bottlenecks.
Implement corrective actions to reduce A/R days.

10. g. Engage Patients Proactively
Transparent billing statements: Online payment options.
Automated reminders: Reduces unpaid balances and shortens A/R cycles.

11. h. Partnering with Experts
Outsourcing to an internal medicine medical billing company like AnnexMed: Access
expertise, technology, and streamlined workflows.
Improves cash flow and reduces administrative burden.

12. . References
HFMA ‒ Financial Best
Practices
MGMA ‒ Billing Insights Becker’s Hospital Review ‒
Revenue Cycle
American Hospital
Association ‒ Financial
Reports

13. . Call to Action
Title: Ready to Reduce Your A/R Days?
CTA: Visit AnnexMed Internal Medicine Billing Services.
Footer: Accelerate collections, reduce denials, and optimize revenue.

14. Thank You