Actionable Support in Accounts Receivable @ Just 1% of Collections/ Faster cash flow for your Hospitals
If you are looking for task specific support in accounts receivable services and recovery, leverage the Sunknowledge opportunity right now! As a powerful healthcare RCM destination, we are unique as we serve both payer and provider side of the business.
We specialize in providing Hospitals/Nursing Home/Emergency Rooms with Accounts Receivable services. Our case study shows that we have successfully been able to increase their collections by 30 to 40% while reducing operational cost down by 70%.
Great success in collecting Accounts Receivable as old as three years!
The A/R team addresses the areas that can be missed out with untimely submission/ follow up on claims by
- Regular follow ups on the claims in a span of 30 days
- Excellent reporting / data management best practices
Our A/R follow up mechanism involves
- Priority handling of the high dollar value claims
- The oldest DOS is the first to be addressed
Reliable operational arm for a streamlined A/R workflow
Sunknowledge Services Inc. specializes in a continuous approach to gather claims processing information specific to payers to determine the further status on the claims. We believe in a knowledge sharing approach with our follow ups, based on specific payer-provider contract; reduce the outstanding A/R balances with a streamlined A/R follow up action plan. We ensure
- Reduction of accounts receivable bucket by 30% within 1 month
- Expertise in working with difficult to recover aging A/R
- Highly experienced staff handling your accounts receivable bucket
- Over 7 years of experience in claims adjudication for major insurance plans
- Our team manages over $3 million in A/R every month
- Highest productivity metrics with the highest collection rate (97% guaranteed)
- We can meet or beat any price
- Dedicated account manager at no cost/Unparalleled Operational transparency
- No binding contracts/Walk out in 30 days
- Errors of Omission & Commission Insurance support from Hiscox/Geico (Liability Cover of $1 million)
- Daily/Weekly/Monthly Customized reporting standards meeting your protocols
FAQ’s on Hospital Accounts Receivable
What is Hospital Accounts Receivable Management?
Accounts receivable management or claims follow-ups is a term that is used to denote cash which is owed by providers from the insurance for the services billed. Any payments from the payers, patients, and the insurance are measured as A/R.
Why Should You Outsource Hospital Accounts Receivable?
Outsourcing Hospital Accounts receivable helps a provider focus on their patient care a lot better. With a skilled team of A/R experts ready to work for you at next door rates, they follow up on every cash value or source till resolution and help in reducing the pending A/R’s and volume of aging A/R’s. It helps in improving your cash flow with a team working as your dedicated operational extension.
How Do We Submit Information To You?
We can work on your practice management system remotely as well as you can upload the information on our server from where we will download the information. Our team is equipped to work on your billing software in every possible way and that too with 100% HIPAA compliance.
How Much do Your Medical Billing Services Cost?
We offer dedicated support with full-time resources working at your medical billing at $7 per hour. It will cost you less than 1% currently as we are working with the biggest & the best all across the country.
What are Your Operating Hours?
We have resources that are ready to work in all time zones. We work according to your needs and you can get in touch with us anytime during your working hours.
I already do My Billing in House, Why Should I Switch to Your Service?
No company offers a full-service approach as we do. We offer pre and post billing support at just $7 per hour and will reduce your current operational costs by 70%. Also, we offer resources that have the niche capability of increasing your Hospital A/R by 30% to 40% within the first month itself.
How Long does it Take to Get Started?
We can start working immediately. After the contract is signed, we start over the transition process for preparing the process manually for our reference which is usually a two-week span. It is a no-cost initiative from our end and we understand your protocols, develop the ways to share reports and everything with you. Also, we have a no binding contract with a 30 day’s release clause.
Our experts will be happy to share with you, our functional best practices, and strong references across the industry over a “no commitment call”. We specialize in improving your financial performance with a seamless action plan that accelerates your revenue cycle management and related processes!