Outsourcing of Medical Billing Services: Is that the Right Idea?

Almost 50% of the Chief Financial Officers involved with the healthcare industry, clearly express the desire for better visuals and dashboards, better avenues with report creation with a clear ability to understand data statistics and reports. However, a staggering number of almost 90% show their concern for the online payment security of their accounts. Will outsourcing of medical billing services be a pertinent approach for addressing both the objectives?

Increase of cash flow with reduced costs of labor

With outsourcing of medical billing services, you clearly find a partner who will be willing to work as an extension of your operational practices. They will be catering best in class action plan, versatility to work according to your protocols, EMR/ practice management systems. It clearly, will help in reducing your overhead costs while increasing reimbursements reduce rejections that automatically bring the billing expenses down significantly.

A seamless transition process combining best practices with weekly/ monthly or annual tracking of data based on patient volumes, procedure mixes, collections, days in AR help a client understand how the medical billing services company desires to work in accordance to your protocols. With a safe and secure data infrastructure process, a well established healthcare revenue cycle Management Company protect your patient records with a 100% secure medical billing process.

Why choose Sunknowledge Services Inc as your medical billing services partner

With over 15 years as a disciplined healthcare services company, Sunknowledge Services Inc has a unique credibility of working with  leading providers and payers. We have a proven track record of reducing our client’s operational expenses by 70% with an instant reduction of 30% of the accounts receivable bucket within the first month itself. Our team performs task specific roles that eliminates proven pain points in eligibility verification, prior authorization,denial management and accounts receivable recovery. Also, we take pride in as uperior team of medical billers/ coders well versed with the immediate mandates of claims adjudication process. Let us talk, we are ready to share with you , our functional best practices, references across the industry.

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