Keeping track of your hospital accounts receivable with timely follow-ups as well as realizing the outstanding payments contributes greatly to the financial success of your hospital. If you are seriously looking to find answers to your pending backlogs, you must find someone who can help you with reliability. Now when it comes to hospital accounts receivable, It is extremely important to keep regular track of it avoid any payment realization complications after a prolonged delay in recovery action
A quality team makes all the difference
Finding a reliable team that can help streamlined action with a robust follow-up process, collecting your money on time, making sure that all denials are taken care of, taking all the corrective measures will automatically reduce your pending backlogs. However, it is critical for you as a hospital to find an efficient way of managing your billing efforts so that it does deviate you from your core patient care priorities.
Reducing your operational costs, a quality team that can eliminate proven gaps in your practice management makes all the difference. The financial revenue cycle especially for the hospitals is quite difficult, as it requires a certain amount of precision.
There are a lot of activities like sending emails, making calls, sending faxes, working on the claims which require specialized intervention. No wonder, outsourcing of hospital accounts receivable is becoming an alternative for many.
Reducing all your backlogs with a clear action plan
Sunknowledge has been excellent in reaching out to payers regarding the status of submitted claims and following up on denials, underpayments and appeals. We have an excellent team for understanding the claims form (UB-04) and the various minute details of billing clean claims. An extensive amount of research is done for pursuing the claims with various payers.
It also includes understanding the various guidelines followed by payers for authorization, as well as timely filing, working with non-contracted providers as well as per diem rates, case rates, DRG etc. We have proven success stories in reducing operational costs for the best by almost 75%. Let our team share with you our ideas of delivering complete Hospital accounts receivable services at $1 of collections.
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