- April 28, 2019
- Posted by: Thomas Anderson
- Category: Medical Billing
Providers face significant challenges with effective and accurate medical billing for the services they perform. It is true that medical billing is the backbone of healthcare revenue cycle management. A modern healthcare practice must communicate well across departments ensuring intake of crucial information.
Powerful medical billing is the best way to reduce delays in the accounts receivable process. Increasing patient responsibility is reflected with the fact that in 2016 open enrollment period, almost 90% of the 12.7 million individuals selected a high deductible insurance plan according to the CMS.
Yet, it is evident that providers are only able to collect 50 to 70% of a patient’s balance after a visit. To help the boost of patient revenue, better financial policies with a clear cut estimate of the cost of services, informing the patients about their financial responsibility and transparent means to collect some of the balance during a visit is going to be extremely vital.
With the Medicare and Medicaid cuts evident, it is important for providers to lay down the right checks and balances that get help them secure better reimbursements.
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Over the years, Sun Knowledge has been a proven partner to over 100 clients across a diverse segment of over 28 specialties including : DME’s, Orthotics and Prosthetics, Alcohol and Substance Abuse, Mental Health, Dermatology, Skilled Nursing Facilities, Specialty clinics and pharmacies, Physician practices, radiology centers, Cardiology, Physical, Occupational and Speech Therapy and many more.
Our references are best when it comes to explaining our functional best practices and we are partners to one of the largest medical devices company in the world. We guarantee a collection rate of over 97% with an 80% reduction of your medical billing expenses.
We also provide end to end practice management/ revenue cycle management assistance with our stand alone services in prior authorization for as low as $5 per auth. For any errors of omission and commission, a cushion is provided up to 1 million with our Hiscox coverage!
Also, we are working with Nixon Peabody (one of the best legal firms of the country) providing you support with any future legal conflicts. Our understanding of medical billing mandates stems from the fact that we are working with some of the largest insurance companies of the world, helping them in their credentialing and claims adjudication priorities.
Dedicated account management support
Sun Knowledge is capable of working with any billing or practice management software without any installation charges. We have no set up cost involved, provide our clients with customized reporting practices and dedicated account management support at zero charges!
Enough about us! Let’s hear from you! Reach out to us, let us demonstrate you our proven credentials as a disciplined healthcare revenue cycle management company. We assure you a team that combines with processes and work as your ultimate operational asset!