- May 4, 2019
- Posted by: Thomas Anderson
- Category: Medical Billing
Sunknowledge Services Inc. Makes Inroads into the Medical Billing Industry
Sunknowledge Services Inc. today signed a memorandum of understanding with a California based chain of hospitals to strengthen its position as one of the leading names in medical billing. The partnership is expected to intensify collaboration in the field of healthcare billing, helping the hospitals grow their business in the healthcare market. The business understanding includes Sunknowledge providing a fully automated, end to end Revenue Cycle Management solution providing its expertise and also leveraging existing resources.
The scope of the complete Revenue Cycle Management also encompasses full service IT support delivered to the practice, enabling faster turnaround time. This will surely help the hospital staffs to focus more on delivering quality care to patients. In fact, the welcome change was initiated observing that the staffs were forced to spend hours on their day-to-day back office tasks while patient care suffered.
The writing was already on the wall. The rollback of the Affordable Care Act (ACA) subsidy dealt a huge blow to the healthcare practices of the country. It has been a direct onslaught on the mid to lower income patients and the medical billing scenario is affected hugely in a negative way. There has been a surge in the costs of procedures, equipments, tests, and treatments. Prior authorizations and claim settlements have been affected as insurers are increasing their demands for additional documentation and regulations. Patients are in the risk of losing out on care and the hospitals losing out on the revenue.
In this scenario, like any other healthcare provider, this one was in search of a cost-effective yet expertise solution to settle down things. Sunknowledge with its reputation for being the player that offers the medical billing services at the lowest rate has chalked out a flexible solution for this client too. Not only that, it is the ONLY company to provide dedicated account manager to take care of the entire proceedings to transform to a seamless RCM process. According to the information, here is what Sunknowledge providing:
♦ 80% Reduction in Billing Costs
♦ Dedicated account manager
♦ Low fee standalone services
♦ 99% accuracy
♦ Increased revenue collection up to 97%
♦ Unsurpassed speed
♦ No binding contracts
♦ 100s of clients with excellent references
♦ 100% HIPAA Compliance
♦ Fully supported by Hiscox Insurance
♦ 100% client retention
♦ Daily/Weekly/Monthly customized reports
♦ Clients’ legal issues handled by Nixon Peabody
True to its value of providing customer service excellence, Sunknowledge Services Inc. is the sole medical billing company to provide HISCOX insurance coverage for clients up to $1 million to cover any error of omission and commission from its end! We hope this partnership proves successful and beneficial to the medical industry!