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