With a complex reimbursement environment and mounting billing and coding workload, healthcare practices today are wrestling with the rising issues like denial write-offs dramatically, claims reaching a specific age and to resolve their oldest accounts receivable etc.
According to a recent report, more than 65% of claim denials are never even corrected and re-submitted for reimbursement, as no one works on these highly aged claims typically those exceeding more than 90days which are usually written off; leaving a significant amounts of insurance dollars are left on the table.
Furthermore, today with shrinking margins, rising denial volume and limited experienced billers and certified coder staff capacity, healthcare practices are looking for a cost effective method that not only helps in resolving hospital accounts receivable but also ensures a faster reimbursement rate.
Leverage the Sunknowledge benefit for seamless hospital Accounts Receivable:
With a systematic approach to obtaining 100% claims resolution, Sunknowledge Services Inc is a decade old RCM solution with the highest productivity metrics in the market.
Taking care of all your hospital accounts receivable, our experts further ensures:
- reduction in write-offs or no write-offs without the client’s consent
- an increase in cash flow
- ensures proper attension to every accounts
- a decrease in bad debt reserves caused by aging accounts
Identifying the root cause of denial and rejection of claims and ensuring a complete operational transparency, Sunknowledge experts take care of all delayed, underpaid or denied claims. With 100% claims submission on the same day, our experts following a stringent checks and balances ensuring a 99 percent of accuracy rate; reducing the chances of denial. In fact, we today are known for handling aging account as old as three years as well.
Reducing the operational cost by 80%, we further have a track record of:
- 97% highest collection rate
- A daily, weekly and monthly customized reporting standards meeting your protocols and improving your cash flow continuously
- 100’s of client references from leading companies
So stop worrying about your hospital accounts receivable, when you have Sunknowledge experts by your side. For more information call us right away!