- November 17, 2020
- Posted by: Thomas Anderson
- Category: Uncategorized
In a healthcare practice, a revenue cycle operation plays a vital role in maintaining a strong financial status of the practice, and debts languishing in hospital accounts receivable can be a problem.
Improper account receivable is the worst nightmare of any healthcare practice as creating bad debts only creates a negative impact on the practice’s bottom line; which is a serious issue.
In fact, one of the most common problems in hospital accounts receivable is denied insurance claims. Furthermore, surveys have also shown that healthcare firms can lose about 10% potential profits if their denial management process is inadequate.
This is where Sunknowledge Services Inc can help.
How Sunknowledge can help with your Hospital Accounts Receivable?
Creating a good accounts receivable management that not only transforms your complete medical business cash flow, our experts further ensure faster reimbursements. With a team of expert billers and coders, our experts not only precisely review each and every claim form and ensure timely claims submission while meeting all the guidelines, we further ensures continuous follow up as well as turnaround time less than 48 hours.
Moreover, our team further approving and reviewing each and everything before they write-off, which is also one of the issues; ensures no write-offs without the client’s consent.
The Sunknowledge approach:
Our experts are here taking complete responsibility starting from:
♣ Data entry which is entering all the information of the required patients, providers, insurance, items, etc correctly
♣ Eligibility verification for the orthotics billing process which is assisted by expert billers through online as well as calling
♣ Faster Prior authorization with patients calling and doctor’s office follow up for relevant documentation that needed for the process
♣ Re-authorization when necessary
♣ Confirmation of all the order
♣ Scheduling of the delivery
♣ Claims management starting from timely claims submission, continuous follow-up, etc
♣ Rejection management
♣ Payment posting auto with and without audit as well as manual
♣ Accounts receivable follow-up
♣ Accounts receivable and denial management
Closing all the hospital accounts receivable gaps faster and efficiently, our secret for seamless operation is experienced billers and certified coders helping our clients with 80% operational cost reduction.
Ensuring 100% prior authorization on the same day and increasing your authorization rate by 1-5-2x, we further maintaining a 99.9% accuracy rate and complete HIPAA compliance, we today has the highest productivity metrics in the market and excellent client references.
Reducing your billing and coding errors, our experts are not only are proficient in working on different billing software like Brightree, Kareo, OPIE, Futura, DME works, CPR+ etc; we further have a turnaround time of less than 48 hours. With proven expertise and complete operational transparency, real time audit, customized reporting, our operational standard further excel due to our seamless effort on timely claims submission, stringent checks and balances etc.
So what are you waiting for, give all hospital accounts receivable worries and we are here to resolve it in no time at a cost effective rate.
If you are looking to earn a competitive edge at these testing times we are the perfect hospital accounts receivable solution. Sunknowldge in excellence we trust