Radiology Accounts Receivable Services

Today managing the complex affair of radiology is quite multifaceted. Being a lucrative industry, there are practices still struggling when it comes to radiology accounts receivables services. In fact, more than 63% of radiology accounts receivable companies struggling for better ROI. 

Dilemma of radiology accounts receivable services:

Being a radiologist you need to dealing with different imaging techniques to diagnose and treat various diseases and injuries within the body. In the radiology center, you not only leverage various imaging modalities such as X-rays, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, but nuclear medicine to create detailed images of the internal structures of the body; which at times can be quite daunting. And with all these test you also requires a team that can clear your billing operation so you get paid faster and efficiently.

However, it is seen that most radiology accounts receivable department with handling various radiology tests are already pre occupied and delinquent accounts receivables are also getting piled up; overall more administrative burden. In short, the high number of open A/Rs means more revenue loss at the end of the year and poor revenue cycle management.

Understanding the Challenges faced in Radiology Denial Management Services and Navigating Revenue Loss

  • Limited resources
  • Tight budget
  • Having a less organized and streamlined denial management approach
  • Inefficient A/R management
  • Lack of experienced and skilled A/R staff

The reality is that neglected and aged A/R accounts can seriously impact any radiology practices’ cash flow and overall profitability. Fortunately, radiology centers can avoid any chance of losing money by outsourcing Accounts Receivable for Radiology Practices to a professional and dedicated RCM company.

This is exactly where we a specialized radiology accounts receivable company like Sunknowledge plays a big role by enabling you to establish the end-to-end revenue generation backbone for your practice. Furthermore, we also help you earn more patient satisfaction and improve your collection in no time.

Our Radiology Denial Management Services:

A denial claims can be caused by several reasons and increase your denial rate. Our medical billing experts leave no stone unturned to find out the root cause behind denial and take the best measures to prevent the denial. Some of the frequent causes behind claims denials in medical practices are –

  • Authorization issues
  • Discrepancies in referrals during radiology billing
  • Requests for medical records and necessity validation
  • Concerns with out-of-network insurance coverage
  • Inaccuracies in insurance information
  • Errors in coordinating benefits
  • Incorrect diagnoses
  • Problems with partial payments
  • Verification of out-of-network claims and managing deductibles
  • Rejections in Electronic Data Interchange (EDI)
  • Lack of claim status and zero-field claims
  • Handling Personal Injury Protection (PIP) claims

How Can We Help?

Transform your Revenue Cycle with our legendary support at just $7/hr.* (all inclusive) guaranteed locked-in rate till 2026!

sunknowledge advantage

The Sunknowledge Solution for Your Radiology Accounts Receivable Services:

Our new-age radiology accounts receivable services streamline the entire A/R process by

  • Creating prompt and accurate invoices
  • Taking routine follow-ups on delinquent accounts
  • Slashing write-offs from bad debts
  • Ensuring speeding solutions on outstanding claims

We have always paved the path for our clients to enjoy continuous cash flow from accounts receivable.

To guarantee optimal returns for your radiology practice, unlike other RCM companies, we always focus on aged A/R buckets first. By outsourcing your practice’s A/R services to us, you will be able to prevent claim denials, as we guarantees first pass collections. Most practices face claim denials due to staff oversights or casual mistakes but with us our alert and diligent service ensures a 97% first-pass rate for claims submitted by us.

Our team of medical coding and billing specialists possesses top-notch expertise and extensive experience. They undergo rigorous training to ensure optimal results for your healthcare practice.

Our Market-Leading A/R Follow-Up Process Includes the Following Steps:

  • Address your online claims: This involves verifying all about the status of pending claims through the insurance company’s website or payer’s portal.
  • Live interaction with insurance company executive: If the above methods are unsuccessful in obtaining the claim status, we directly communicate with an insurance company representative to check the status of unpaid claims and more.

Major Benefits of Outsourcing Accounts Receivable for Radiology Practices to Sunknowledge:

  • Achieve a minimum 30% reduction in the total number of Accounts Receivable (A/R) buckets within one month
  • Industry-leading experience and expertise in resolving critical and aged A/Rs
  • Each of our A/R experts possesses a minimum of 3+ years of domain experience
  • Over 15+ years of experience in medical billing processes, coding, managing denied claims, claims adjudication and more in the United States
  • Experience up to an 80% reduction in your current collection costs
  • 99.9% overall accuracy
  • Attain a 97% first-pass rate
  • Ensure 100% HIPAA-compliant operations
  • No-restrictive contracts
  • Personalized daily, weekly, and monthly reporting options
  • Dedicated Account Managers at no additional cost for complete billing services
  • Hundreds of outstanding references

So, what are you waiting for? It’s time time outsource radiology accounts receivables services. Enjoy an all-improved cash flow with optimum profitability with our industry-leading radiology accounts receivable services.

If you want to know more about our accounts receivable management or our comprehensive cost effective RCM solution, fill up the form below to schedule a no-obligation call.

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