Being one of the growing industry, the HME industry today is valued at USD 10.2 billion and is expected to increase at a compound annual growth rate (CAGR) of 12.3 % by the year of 2028. Even though it is a lucrative business reimbursements cuts, complex billing issues and also increasing labor cost are a persistent obstacle that ends up taking a lot of time thus resulting in less focus on what really matters like patient care.
In fact, with the present-day situation, providers are facing major problems issues in finding experienced staff that can help them grow their revenue at a cost-effective rate. With Congress increasing the federal minimum wage to $15 per hour, more than double the current $7.25 major healthcare practices are looking out for cost-effective solutions like outsourcing.
Sunknowledge services Inc: the foremost HME billing outsourcing solution:
Offering half the price that you end up wasting on in-house HME billers and coders, Sunknowldge services Inc is a one-stop 360-degree HME billing destination with many leading names of the industry as its operational partner offering complete services at only $7 per hour 2% of all collections.
Lowering your overall costs, Sunknowledge Services provides better visibility through complete operational transparency while maintaining 100% HIPAA compliance. Bringing a change in your billing by decreasing 80 % of your operational cost and 30% AR buckets from the first month itself, our experts with strict checks and constant follow-up further reduces the chances of errors in your HME billing process. Thus, faster reimbursement reduces DSO’S and lesser revenue loss. In fact, putting extra attention on areas that need more attention, our experts are further known for reducing your days in accounts receivable and the highest productivity metrics while working on 99.9% accuracy level for all billing and coding processes.
So if your HME billing key performance indicators (KPI) is going in the wrong direction, now you know whom to connect. For more information on how efficiently our experts can help, get in touch with us.