The economy for urgent care billing centers, like other healthcare services, can be considerable. As the number of urgent care clinics grows, it’s more vital than ever to make sure yours is the one your community can rely on. When you put forth the attempts to enhance the patient experience before, during, and after each visit, your urgent care revenue cycle improves as well.
Many components of healthcare reform, such as the deployment of value-based payment models and substantial changes to billing criteria, can result in revenue losses for providers. For urgent care billing organizations, the expense of conducting business can quickly add up. Meeting your financial responsibilities, expanding your business, and keeping a good cash flow all begin with a focus on income.
Today’s Urgent Care Role
Urgent care centers are becoming increasingly popular for a variety of reasons. Their primary function as an emergency or after-hours option is becoming obsolete. Urgent care centers are easier to find because they are more common in many places than traditional healthcare facilities such as hospitals and family medicine practices. This means that patients will be able to receive treatment more swiftly from an urgent care facility. It is especially desirable in an era when long wait periods are becoming less usual and less accepted.
When looking for medical help, the flexibility built into the design of an urgent care clinic is extremely tempting. Those between the ages of 18 and 33 known as the millennial generation are anticipated to make up 33% of patients at retail clinics and urgent care centers. Medical fees from a primary care physician or hospital may be prohibitively expensive for many young people. Urgent care facilities are built in such a way that they may offer more flexible payment alternatives.
So, how do you keep track of the revenue cycle for urgent care billing?
If you are running an urgent care clinic then you must begin at the front desk. Confirm that your personnel are appropriately taught to go through a step-by-step routine of double-checking insurance coverage and guarantee that it is still legitimate.
Before the patient leaves, it is critical to employ Real-Time Health Insurance Eligibility Software that confirms coverage, assesses patient obligations and offers statistics on the percentage of the charge. This can result in less time spent on billing and more money collected during the patients’ visits.
Make the most of new tech
This is vital for your company since the sooner you leverage existing technology to your advantage, the sooner you will be ahead of your competitors in building your urgent care business. By providing online appointments, you can make your clinic more accessible. This can help both your employees and your customers, and it includes:
- Time savings
Employees spend less time on the phone managing appointments. It gives them more time to focus on other important duties. Your customers, on the other hand, will no longer need to call their medical provider, which adds minutes to the scheduling procedure.
- Money benefits
The time saved by using an online scheduling system can be translated into financial savings as it reduces the burden of overwork or extra workload. Staff resources can now be focused on other critical duties.
- Availability 24/7
As online scheduling is available 24/7 of the day, it allows for 24-hour scheduling rather than just during conventional office hours. This can reduce the number of people that have significant wait times when they visit your urgent care location.
Centralized Team of experts
Inadequate staffing can be a problem for urgent care service providers, while excessive staffing can be detrimental to your bottom line. You must examine the statistics to ensure that you have the appropriate personnel on duty.
To begin, examine your visit volume week by week, comparing peak times to quiet times to determine if any patterns can help you make suitable judgments. Then, to find seasonal trends, take a step back and compare volume year over year. If you have the appropriate data, you can be convinced that your planning is on course.
You can rejuvenate your Urgent Care billing with Sunknowledge
Sunknowledge has the
To deal with all of the major urgent care billing platforms. We will give you a flexible, authentic, and dependable business transition procedure. Sunknowledge is the best place to go for outstanding urgent care billing experience.
When you work with Sunknowledge, you gain access to world-class resources and cutting-edge methods. We are a next-generation revenue cycle management firm that will increase your reimbursements while allowing you to focus on your care management responsibilities.
Sunknowledge is currently offering end-to-end urgent care billing support with 100% HIPAA compliance for just $7 per hour for a full-time biller engagement. One of the most significant benefits of working with us is that we do not follow any modification or write-off process unless you have pre-approved it. We will provide you with seamless eligibility verification, accounts receivable recovery, and collections support, reducing your billing costs by up to 80%. In addition, we guarantee a 95% improvement in the collection.
Sunknowledge is your go-to place for cutting-edge urgent care billing services. We’ve had a lot of success working with big brands in the urgent care industry. Our experienced resources, cutting-edge techniques, and comprehensive awareness of the claims processing requirements enable us to provide you with the best urgent care billing support.