AR Max is a core component of the SNF Metrics platform, specifically designed to eliminate the complexities of managing accounts receivable (AR) and reimbursements for Skilled Nursing Facility (SNF) operators, financial managers, and healthcare administrators. The platform consolidates data from all payers into a single, unified portal, removing the need to switch between multiple systems.
The AR Max platform is comprised of three main solutions: the AR Tracker application, an AR Dashboard, and a Billing Dashboard with over 60 live and interactive reports. It also includes a Financial Daily Dashboard to provide a daily snapshot of live data to reduce Days Sales Outstanding (DSO) and bad debt. Key capabilities include automated AR workflows, real-time reporting, tracking collections by payer type, analyzing cash percentage trends, denial tracking, and managed care workflows. The software is proven to help facilities maintain bad debt at or below 1%, significantly enhancing financial stability and operational efficiency.
Target Users & Use Cases:
- Target Users: SNF Operators, Financial Managers, Healthcare Administrators.
- Use Cases: Accounts Receivable Management, Reimbursement Optimization, Reducing Bad Debt and Write-Offs, Improving Cash Flow Visibility, and Financial Risk Management.