How to reduce your orthotics and prosthetics denial rate?
Are constant denied claims affecting your bottom line? Then you are not alone.
Denied claims are common in orthotics and prosthetics billing.
According to a recent survey in 2021 by the Healthcare Financial Management Association (HFMA) out of $3 trillion in total claims submitted by healthcare organizations, $262 billion were denied, translating to nearly $5 million in denials, on average, per provider. However, when it comes to how denials impact your practice, there is no simple answer.
Complications in medical billing and constant struggle in submitting clean claims, and managing complex authorization process are quite common. This is why trained staff or resources are needed to resolve your billing problem effortlessly.
Sunknowledge helps you resolve all your orthotics and prosthetics billing concerns:
Helping you avoid denial, and increase your revenue, Sunknowledge for the last 15 + years has been helping many orthotics and prosthetics providers with improved ROI.
Offering you dedicated resources to manage all your claims and overall practice productivity, Sunknowledge further decreases the level of stress, billing problems and burnout for many practices. By taking the complete pre and post orthotics and prosthetics billing responsibilities by spending all those extra hours Sunknowledge further offers dedicated assistance/ account manager for all your billing problems.
Ensuring cleaner and timely claims submission and avoiding the bottleneck of denials, Sunknowledge experts in fact make a massive impact on your practice, both in terms of productivity and revenue flow. With a consistent prior authorization(PA) process in place, Sunknowledge front office staff further double checks and maintain the right checks and balances avoiding any kind of billing and orthotics and prosthetics coding errors. Ensuring highest productivity metrics in the industry and first pass collections rate of 97%, Sunknowledge today is the top RCM destination.
Avoiding technical errors that could be prevented easily with a thorough review process, our experts further offer customized reports giving complete operational transparency for better understanding and billing management.
Identify the underlying causes of repeated denials and reduce preventable repeated billing errors, Sunknowledge expert further helps in reducing operational expenses by 80%; saving you a lot of time and money.
So what are you waiting for? Sunknowledge can resolve all your orthotics and prosthetics billing problem. For more information on how the expert does it all, talk to our expert over a ‘no commitment call’. We are just a call away!
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