The U.S. durable medical equipment (DME) market is thriving today mainly due to the increasing demand for in-home medical care and an aging population. However, many DME providers still face challenges when it comes to managing their accounts receivable (AR), particularly with aging accounts. This can result in payment delays, administrative difficulties, and financial instability.
In fact, navigating the old aging DME A/R accounts can be cumbersome for many providers, and thus you need an expert help for healthy cash inflows.
Sunknowledge: Your Trusted DME Accounts Receivable Solution
With decades of experience in the healthcare industry, Sunknowledge is a leading provider of revenue cycle management (RCM) services for DME providers. We specialize in managing the complexities of Medicare billing, ensuring a smooth and efficient revenue cycle that optimizes your cash flow. Our expertise in accounts receivable management has made us a top choice in the industry.
Efficient AR Evaluation and Cleanup Solution
At Sunknowledge, we understand the importance of effective AR management for a successful DME business. Our dedicated team evaluates and cleans up your accounts receivable bucket in no time. Minimizing denials and streamlining the claims resubmission process, with our services, you can achieve consistent performance and significantly improve your revenue cycle.
Cost-Effective Approach
We take pride in offering our exceptional services at a cost-effective rate. At just $7 an hour, our experts work diligently on your DME aging accounts receivable, providing unparalleled value. By partnering with Sunknowledge, you can further reduce your operational expenses by up to 80% without compromising on billing standards or productivity metrics.
Steps to Accelerate DME Accounts Receivable Collections
Our team of experts has extensive experience in hospital AR and collections activities. With a complete understanding of the claims form (UB-04) and the various intricacies of billing clean claims, we follow payer guidelines for authorization, timely filing, non-contracted providers, per diem rates, case rates, DRG, and more. By working closely with major health insurance companies, we excel in claims adjudication services for multiple hospitals.
Taking a conscious effort, we ensure A/R review for better understanding. We further have helped clients in migrating from old software to new without any confusion.
The best part of choosing us as your operational extension partner is that – our experts work side by side on all your aging A/R as well as the present, so you no longer miss out cash on the table.
Benefits of Choosing Sunknowledge
When you partner with Sunknowledge, you gain access to a range of benefits:
- Proficient experts dedicated to handling your accounts receivable.
- Reduction of your AR bucket by 30% within a month.
- 9% accuracy rate in billing and claims processing.
- Cleanup of aging accounts receivable, even those as old as 90 days.
- Expertise in recovering difficult aging accounts receivable.
- No write- offs without your consent.
- Equal attention to every cash amount, regardless of size or source.
- Increase in revenue collections by 80%.
Unlock the Potential of Your DME Accounts Receivable Today
As a reliable destination, our team knows how to work on your DME accounts receivable bucket on time. How to identify the errors, find the denied or unpaid claims, refill the corrected claims, minimize the AR days and ensure timely follow ups that can transform your overall cash flow. Also, we guarantee better ROI and seamless billing transactions like none other.
So what are you waiting for?
When your accounts receivable department could be one of your business’s biggest assets.
If you’re experiencing collection challenges or your DME AR is not running smoothly, it’s crucial to periodically audit and clean up your operations to maintain manageable processes and a healthy cash flow.
Don’t let clutter and stoppages hinder your DME accounts receivable.
Contact Sunknowledge today and experience the transformation of your cash flow. It’s never too late to optimize your revenue cycle and achieve financial stability in your DME business.