A healthcare practice with no pending accounts receivable can really make a difference in your revenue generation. As an increase in your accounts receivable days is the opportunity lost to fund your practices’ growth possibility, buy new medical pieces of equipment for better patient care management or even pay up more the billers or coders. In fact, it just only the tip of the iceberg. As poor accounts receivable can cause several other problems or unintended consequences.
However, bad accounts receivable can be due to several reasons starting from:
- Billing errors
- Coding mistakes and undercoding
- Documentation mishap or incomplete information
- inappropriate claims supervision
- Failing to follow up
- Weak communication through the departments
- Writing off without the consents and many more
As the days in accounts receivable (A/ R) is one of the most significant key performance indicators for improving the performance of the practices, it is advisable to outsource your hospital accounts receivable from the expert with experience.
Sunknowledge defeating your hospital accounts receivable problems:
Lowering the number of days by encountering all your hospital accounts receivable problems, Sunknowledge Services Inc not only guarantees an overall cost reduction of 80 % but also the highest first pass collection rate in the market.
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Taking care of all your thousands and thousands of claims which are sitting out there at your table, our experts are known to resolve old aging Accounts Receivable as old as three years which no other Revenue cycle management ( RCM ) solution can offers. Ensuring proper attention to every claim which needs consideration faster and efficiently, our experts assure proper communication and continuous follow up with better billing management.
Organizing claims in a way that help you with better productivity metrics, we also work through stringent checks and balances reducing the rate of errors as well.
Understanding all the requirements that are obliged to decreased efficiency in A/ R management and finding the root cause of your hospital A /R problems, we work on finding the perfect customized solution and therefore improving your revenue collection.
In fact, partnering with us helps your practices, as we aid in reducing your accounts receivable bucket by 30 % from the first month itself which none can offer.
So, stop worrying about your hospital accounts receivable, when you have Sunknowledge experts working for your practice management.