Nursing Home Billing Services: Sunknowledge Serves with Trust and Excellence

Outsourcing provides the nursing home the chance to concentrate on its true mission: providing top-quality care for its residents, leaving to experts all the details of billing and coding. Those dedicated professionals carrying out such work help the facilities reach better cash flow and faster payment cycle, greater peace of mind, and operationally speaking, higher success, as well as improved patient outcomes. Outsourcing is investment that can be well-received by nursing homes these days in a highly competitive healthcare setting.

Finding quality resources remain a constant area of trouble for nursing homes which are in high demand with long term care treatment and others. Pending A/R is a huge trouble area for most nursing homes who do not have adequate staffing, a fine blend of resources that are equipped to handle all pre and post nursing home billing requirements in the right manner to secure maximum reimbursements. The right partner has the unique ability to offer streamlined assistance and reduce operational expenses down while helping a nursing home focus on their core priorities.

Sunknowledge Services Inc. has the best understanding of what to do in nursing home billing and can eliminate proven gaps in your revenue cycle management by working as a complete operational extension. With a superior pool of resources, we offer a full service approach and implement the right checks and balances that can transform your flow of cash and help you gain an edge with :

• Reduction of Operational Cost by 70%
• 100s of excellent client references
• Highest Productivity Metrics in the industry

Understanding the advantages and disadvantages of in-house Nursing Home Billing

Disadvantages: 

• Expensive Operating Costs – Establishing an in-house billing department is expensive. The costs for training, technology, and staff will be piling high, leaving the nursing home with a poorly strained budget.
• Staffing Issues – Billing staff often have quite a turnover rate, causing a disruption to the entire billing process. Recruiting and teaching new staff will take time and resources, leading to lower efficiency.
• Human Mistakes – Coding or documentation mistakes are ever-present risks for the billing process. Failure to make claims due to coding or documentation errors may result in lost revenue and higher workloads for the administrative department.
• Limited Knowledge of Inhouse Team – The in-house team will lack knowledge about the complex billing regulations besides what specific payers want. The risk of non-compliance as well as failure to capture potential revenues increases.
• High Management Time – In-house billing management is very time and resource-consuming. Administrative work distracts attention from patient care, hence the quality of service delivery in general.
• Poor Claim Management – Many facilities cannot process such large claims volumes; thus, deadlines are missed and payments delayed. Such inefficiency leads to an impact on cash flow because of delayed payments.

Advantages

Claims efficency- Having billing staff on-site allows direct oversight of the claims process, enabling quicker adjustments and responses to issues. In fact, today outsourcing your in-house nursing home providers a better claims management solutions too.

Why Outsourcing Nursing Home Billing is the Best Option Today?

Outsourcing nursing home billing has become an alternative solution that most facilities have found great alternatives in to overcome the challenges of having an in-house operation. Here are reasons why:

• Cost Efficiency – An in-house team is expensive to maintain. Salvation on salaries, benefits, and training fill the available budget dollars.
• Access to Expertise – A third party billing company like us specializes in healthcare billing and is on top of all the changes in regulations and payer requirements. Such provides error prevention and compliance and revenue recovery.
• Scalability – Billing services can easily be scaled up or down depending upon the needs of a growing or seasonal nursing home. When a facility is growing or experiencing a temporary increase in patient volume, outsourced providers can adjust services to meet the change.
• Efficiency – A. Dedicated billing firms have well established procedures and technologies in place, allowing claims to be processed more quickly and denials better managed. This results in faster payment and increased cash flow.
• Focus on Patient Care – By outsourcing billing to Sunknowledge, your nursing home staff can focus on the quality of resident care rather than being hindered by administrative tasks. Such attention to patient care can improve overall satisfaction and outcomes.

Although in-house nursing home billing does pose quite a number of profound challenges, there is a strategy of outsourcing that increases efficiency and reduces costs while giving facilities an opportunity to focus on what is most important-that being the care of their residents.

The Sunknowledge Confidence in Handling Nursing Home Billing

Have access to a highly skilled team and leverage the best of latest technology, and state-of-the-art infrastructure. No wonder, Sunknowledge has seen numerous success stories in nursing home account receivable management.

Our three-step process constitutes:

• AR analysis
• Payer follow-up
• Claim closure

Our Nursing Home Billing clients know us for:

• Demonstrated expertise in working on difficult-to-recover aging A/R
• Same attention to every cash amount regardless of its size or source
• Over 10 years of experience in claims adjudication serving major insurance plans
• Increase in collections by 30 to 40%
• Expert handling of accounts receivable by highly experienced staff

With expert-level precision to address the AR issues, here are some the advantages of working with Sunknowledge:

• We guarantee 80% Reduction in your current billing Costs
• Dedicated account management approach
• 99% accuracy/ best productivity standards
• First pass rate of 97%
• Unsurpassed speed
• No binding contracts
• We have excellent references across the industry
• 100% HIPAA Compliance
• Fully supported by Hiscox Insurance of up to $1/3 million to cover any error of omission & commission
• Daily/Weekly/Monthly customized reports
• Our proprietary Telemedicine platform to improve your care management/ patient intake capabilities

Working with top-notch nursing home billing and care facilities and the testimonials stand witness to that trust. Don’t deny the expertise your practice deserves, call us at the earliest, and be a part of the success story on how to make a difference in billing.

• Eligibility and Benefits Verification
• Prior Authorization
• Medical Coding
• Claims Submission
• Rejection Management
• Payment Posting
• Accounts Receivables Follow-up
• Denial Management
• Customer Service

Reduce your current employee costs by $7 per hour with a pool of resources proficient across multiple practice management systems. Our team has the ability to work as an operational extension, offer you a complete host of services that meets your pre and post Nursing Home billing needs.

Nursing Home Billing Services In New York 

Do you know New York’s nursing homes have unique challenges in billing, such as difficultly by complicated rules and a huge number of claims. Complexity calls for facilities to have the appropriate partner to facilitate accuracy, compliance, and revenue maximization. But with Sunknowledge you no longer have to worry about it at all.
Sunknowledge provides quality nursing home billing services in New York. With years of experience and expertise in healthcare billing intricacies, their solutions are tailored to the specific needs of nursing home operations. Their certified coders have been trained in the best practices on HIPAA data so that patient information is safeguarded and kept confidential.

Using efficiency in technology and streamlined processes, Sunknowledge reduces denial claims to a minimum and accelerates the nursing home payments cycle. So what does this result in? It ensures that nursing homes return to doing what really matters-that is, providing the best possible care for its residents. With its quality results and experienced team, Sunknowledge is your best fit for nursing home billing services within the New York area.