Today’s skilled nursing facility billing is more critical than ever, and with the ever-changing billing regulation and rising healthcare costs it further adds up to the problems faced by the billers of the nursing facility billing operations. The skilled nursing facilities or SNFs furthermore have been under greater scrutiny since the HHS and DOJ recovered approximately $47 million in 2018.
Being one of the complicated domains, in-house billers and coders are often seen juggling in between works further leading to errors and delay in the billing processes even more.
In fact, here are the common billing errors in skilled nursing facilities:
Missing or incorrect information or physician’s order etc – at the time missing data of the patient or treatment process, mistakes in the demographics, missing the physician’s signature prior to billing all end up as billing errors. This later result in delayed reimbursement, so accuracy is the key
Improper claims management – according to a recent survey more than half of the claims for skilled nursing facilities are rejected solely because of claims problems. It can be either be duplicate claims, delay in the submission of claims, etc
Verification errors – most of the claims are denied in skilled nursing facilities is due to the beneficiary information on the claim doesn’t match the eligibility record at the Common Working File (CWF), which is often overlooked.
Thus leaving healthcare practices to opting for a better cost-effective solution of outsourcing their RCM from experts like Sunknowledge Services Inc
Taking care of all your shrinking reimbursement and reducing the billing and coding error, Sunknowledge Services Inc for the last 12 years have not only providing a seamless billing solution but also the highest collection rate in the industry. Taking care of your complete pre and post billing services, our experts further ensures:
- 80% reduction in operational cost
- highest productivity metrics in the market
- 99.9% accuracy rate
- Excellent client’s references from the industry.
A solution that can change your skilled nursing facility billing with improved ROI, we Sunknowledge experts are the ideal one-stop destination. For more information on our other benefits, call us right now.