How our AR Financing works?

• A medical service provider bills a third-party payer (i.e. Medicaid/Medicare, HMOs, private insurance companies, personal injury lien settlements, worker’s compensation insurances, etc.) for the medical services performed.
• The healthcare provider sends a copy of the superbills/invoices to us. (We may or may not provide medical billing services to the provider. We offer both electronic and paper claim submission as appropriate to each carrier. Provider may choose to do this themselves or through a third party.)
• Once a claim has been submitted (that is, after we have scrubbed the claim to check the actual contractual amount due), we then purchase the medical provider’s invoices and advance up to 80% of the expected net collectible value. (Funds are typically deposited directly into the medical provider’s bank account within 24-72 hours)
• PracticeTracker™ AR Finance uses the remaining 20% (reserve) as a buffer in case some of the provider’s bills do not get reimbursed or if they were billed based on incorrect information.
• Our AR Follow-Up team follows up on every unpaid dollar. The decisions to write off or take the case to the court is taken by the provider. Case Brief files are available at the PracticeTracker™ Attorney Portal.
• The reserve, less the factoring fee, is passed on to the healthcare provider after payments are received.