Sunknowledge Service Inc a more than 10 years medical billing outsourcing organization is the perfect solution to your hospital account receivable problems. As working with both payers and providers and with more than 100 clientele list including Medtronic Sun knowledge has a perfect solution to destabilized cash flow and long receivable cycle that delayed revenue generation.
According to the US Government Accountability Office (GAO) survey, 10% potential profitable can be lost due to inadequate denial management process. In fact, a report of the Medical Group Management Association (MGAM) says every healthcare firm has a denial rate of 4% and the most predictable problem of account receivable is denied claims.
Here are the ways Sunknowledge Service Inc can minimize the numbers of days in account receivable:
Correct data entry – As incorrect information can lead to denial claims and hence will cause a loss in time and money, this is why we have accurate resources for such data entry service. With our service rate of $7 per hour being the lowest rate in the market we also guarantee a 70% reduction in your operational cost.
Maintaining the Writes off – our team maintains the amount even it is less in numbers as this ultimately affects the revenue of the hospitals. With no cost 24* 7 dedicated account manager no write-offs or adjustment on claims are made without our client’s consent. In fact, a complete customized reporting is done daily/weekly/monthly according to our client’s protocol in order to get a clear picture of the workflow and area where more attention is needed.
Experience Account receivable analysts – Our team of resources preview every claims submission reducing the chances of denial. Even we guarantee a 97% collection rate from aging account offering the highest recovery rate in the medical billing industry with a 24-48 hr turnaround time after denial.
Other benefits of Sun knowledge :
- 100% HIPAA compliance with a 99% accuracy rate
- Operational transparency with no hidden cost
- Real-time audits and guarantees a 30% reduction in AR bucket
- Excellent visibility and proven expertise
- No binding contract
Apart from hospitals account receivable our experts also specialized in Rx, Dx entry along with patient’s demographics insurance and other necessary details. Eligibility verification, collection of complete Rx and the documents required for authorization approval is also part of our service. Our services do not end here it also has experiences in submission, rejection/denial management all as a standalone/end to end services.
So leverage Sunknowlede benefit and minimize your hospitals account receivable days and get seamless cash flow for your organization. Our experts are available over ‘no commitment call’.