- January 3, 2022
- Posted by: Thomas Anderson
- Category: Medical Billing Services
Every New Year brings with it fresh hope and aspirations. This year is no different. Even though the world has stepped into 2022 amidst a bunch of uncertainties, we all hope to see better times ahead. Like so many other areas of business, the healthcare sector had taken a hit in more ways than one. One of the most damaging of these has been an alarming dearth of skilled personnel to take care of medical billing and coding activities.
Operational costs have also escalated in the meantime. To make matters worse, finding skilled and trained people to manage billing for services and equipment provided by a practice has grown increasingly difficult. The situation looks grim and with the rising number of cases with this pandemic around, US healthcare practices have already started bracing for possible tough times ahead.
In view of this, a rapidly growing number of healthcare practices across the US have started opting for outsourced medical billing services. In most cases, such service providers, by virtue of being located in countries less affected by the pandemic, are able to provide crucial billing and coding services from a distance on an uninterrupted and consistent basis.
The advantages of outsourcing your practice’s billing services to a third party do not end here. One of the most attractive benefits is enjoying an almost instant reduction in operational costs. Add to it a steady increase in the collection rate (with more claims getting approved in the first pass and a shrinking accounts receivable bucket) and fewer denials, the profitability of the practice also starts to increase.
A case in point can be found in Sunknowledge Services Inc., one of the best-known names in outsourced medical billing and coding services for healthcare practices across all 50 states of the US. With over 15 years’ experience in complete revenue cycle management (RCM) for practices belonging to over 28 specialties, Sunknowledge has established itself as a major solution-provider in the healthcare billing sector.
A few of the advantages of having Sunknowledge handle your medical billing requirements include:
♦ Up to 80% reduction in current billing cost
♦ Highest productivity metrics with a guaranteed 97% collection rate
♦ Complete RCM solution or à la carte billing services
♦ Rates as low as $7/Hr. or 1.49% of collections
♦ Full HIPAA compliance
♦100’s of excellent references
♦ Dedicated account manager at no extra cost
♦ No binding contracts or hidden cost
♦ Unparalleled Operational transparency
♦ Custom reporting standards meeting your protocols
As you start looking for professional medical billers and coders to outsource to, you are likely to find dozens of names to choose from. Do take your time to compare prices and features, and make an informed decision. After all, much of the success of your practice depends on having a steady and healthy flow of revenue. And it’s always advisable to have a knowledgeable and skilled partner for your billing tasks.