A study published by the Radiology Business Management Association clearly emphasizes the fact that radiologists just collect 79% of the revenue they’ve earned while the industry standard with denial rate for the practices is almost 30%. Also, to work on a denied claim, it costs nearly $30! Before ordering imaging exams for the Medicare patients, the PAMA requires image providers to consult the AUC (Appropriate Use Criteria). The consultations must be made through an electronic clinical decision support. The golden rule for any form of medical billing is “if it’s not documented, it wasn’t done”. For the diagnostic imaging centers, that’s especially true! Too many cases of authorization denials are being seen these days, resulting primarily from coding errors or incorrect information. The main focus of a well-managed radiology’s office billing operation is to submit claims for services punctually and in the proper, required format, and receive reimbursement as fast as possible. Sunknowledge is a one stop destination for complete practice management/ revenue cycle management support for imaging centers. We lay down the right checks & balances that transpire into better cash flow and help in securing better reimbursements. Our team of medical billers and coders are well versed with the demands of the industry and extend: Let our team share with you, our best practices on how we work as your desirable operational extension. We are just a call away!The Sunknowledge solution
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