- April 7, 2021
- Posted by: Thomas Anderson
- Category: Orthotics Billing
Today the growth of the orthotics market is not solely related to one factor but there are various factors affecting the market at the same time like increasing cases of road accidents, growing number of diabetes related amputation, sports injuries, mounting prevalence of osteosarcoma around the world along with the global rise in generic population. In fact, according to recent studies, the global prosthetics and orthotics billing market size was valued at USD 6.11 billion in 2020 which due to the increasing demand is soon expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028.
Besides the rising demand for orthotics and with the present crisis it is however becoming very challenging for many healthcare practices in maintaining a seamless RCM for orthotics billing process. This is when Sunknowledge Services Inc can help. As over the years, we have successfully worked with providers across a wide range of specialties. The best part of working with Sunknowledge is the combination that we bring over the table, brilliant resources and cutting edge processes that provide real time automation.
Sunknowledge: The Right Choice for Your Orthotics Billing:
With years of experience and a complete understanding of payer processes, our expert ensures a better productivity standard and consistent ROI. Focusing on accounts that need immediate attention, our experts further work on your billing weaknesses at the same time as incorporate necessary changes to improve performance. Covering all the aspects of orthotics billing – patient information entry, medical coding, eligibility and benefits verification, claims submission, prior authorization, payment posting, doctor’s office follow-up, accounts receivable, charge entry, rejection and denial management; we further helps in overall operational cost reduction by 80%.
With a complete understanding of the insurer’s claims adjudication process, partnering with us further helps you with reduced denial and rejection of claims due to our stringent checks and continuous follow-ups.
Timely claims submission and 97% collections even from pending accounts receivable. Dedicated account manager at no extra costs and $1 million Hiscox/Geico Insurance coverage for any errors of Omission & commission along with many other benefits so that you can focus more on patient care and not only the orthotics billing operation.
For more information, on how our experts can bring a change and improve your orthotics billing process, get in touch with our experts.