Urgent care centers are sometimes regarded as insufficiently significant because it is widely assumed that these facilities handle mainly minor situations. Although urgent care facilities do not treat more critical cases like emergency rooms, they are extremely important since they address illnesses or injuries that require prompt treatment. The basic therapy provided in urgent care centers can sometimes prevent serious criticality. Even if the cases handled by urgent care clinics appear small, facility administrators are concerned about urgent care billing.
Recent Developments in Urgent Care Billing
Recent developments in the United States’ healthcare system have created a slew of new obstacles for both doctors and patients. Many components of healthcare reform, such as the
- Implementation of more time-consuming processes
- Value-based compensation schemes
- Regular changes to billing laws and regulations
Have the potential to result in revenue losses for providers across the United States. Failure to stay current on urgent billing rules and regulations, results in approximately $125 billion in uncollected money in the United States each year. Due to the complexity of their treatments and the necessary billing, specialists such as radiologists confront even larger hurdles.
At the same time, patients’ ability to pay their costs is deteriorating. Deductible expenses have increased by 150% for patients since the last decade. According to a Commonwealth Fund report and only 62% of respondents are moderately confident in their ability to finance health care. In addition to rising deductibles, typical out-of-pocket payments have risen by 71% in the last decade. Every year, the average household pays $6,015 out of pocket.
Challenges in Urgent care billing
Most of the problems for any urgent care clinic begin at the front door. Finding a solution to your reimbursement issues is vital for you in these unique times. Reducing your operational expenses will be a critical event that will necessitate the assistance of a professional. Managing the
- Patient demographic facts,
- Validating eligibility,
- Recording the correct charges,
- Determining the reasons for denials
Are more crucial than ever before. You still have a large influx of patients visiting your practice, especially on weekends and Fridays. Outsourcing your urgent care billing mandates necessitates the requirment of an efficient partner to add the necessary value.
How to Assist Your Organization Gets over the Obstacle?
Though the data provides a bleak image of the industry’s financial health, there is still optimism for healthcare providers. Medical offices are becoming more proactive in their urgent care billing methods in order to reduce practice financial concerns and regulatory risks. By addressing problems before they occur, healthcare practitioners can maximize their revenue, ensure they are appropriately compensated, and continue to serve the communities.
What makes Sunknowledge such a force to reckon with in the Urgent Care Billing Sector?
We are a proud team of skilled urgent care billers and coders that understand what it takes to raise your practice management objectives. Starting From:
- Patient details entry
- Urgent care coding
- Claims filing
- Denial management
- Accounts receivable collections
- Payment posting
Our team knows how to collect all of the necessary information.
At only $7 per hour or 1.99% of all collections, our specialty support will transform your ROI. Sunknowledge guarantees that all of your payments are realized without any process gaps that will cost you in the long run. We close loopholes and increase reimbursements by acting as your dependable operational extension.
We are a 360-degree revenue cycle management powerhouse that works with some of the country’s largest urgent care centers with great reputation and pride. As a dependable functional extension, our team guarantees to lower all of your overhead expenses in procedures by 70% and to level all process gaps.
We’d like to give you a thorough preview of all we have to offer. Our professionals are only a phone call away. Contact us to see how we can help you boost your collections from urgent care billing. If you want to gain a competitive advantage in these difficult times, Sunknowledge will be your one-stop urgent care billing destination on all accounts.