Being part of the post billing services, a seamless hospital accounts receivable is the reason healthcare practices run their practice smoothly and successfully. While ensuring the owned amount is refunded correctly and as quickly as possible, the hospital accounts receivable team is solely responsible for looking after all the denied claims. Furthermore, reviving them to receive maximum reimbursement from the insurance companies for the services that have been rendered to the patient is also one of the jobs of an AR expert.
However, today especially with the rising operating cost, increasing patients with a high deductible health plan, changing billing regulation, and also lack of experienced staffs at a cost-effective rate having a seamless AR has become quite a challenging chore; resulting in mounting AR and reduced cash flow. This is why Sunknowledge Services Inc working for more than 12 years have highlighted on few factor that not only can help you with better Hospital accounts receivable but also seamless billing operation.
Manage your denials efficiently – identifying the root cause of denial and rejection of claims, you must always analyze the reason behind the denial in order to correct and re-file the claims without any further delay. In fact, identifying the denial cause, it is best to study it patten and find the cause to eradicate the future occurrence of denials.
Ensures time AR follow-up – continuous timely basis follow up is vital in hospital accounts receivable for uninterrupted cash flow. Starting from keeping complete track of the filing date and time, you must keep the trail of the complete claims and also ensures there is no underpayment or overdue payment.
Maintain complete operational transparency and reports – starting from any outstanding balance, you should take the complete responsibility of following up with patients through phone calls or emails, so there are no delays. Conducting audits frequently to learn areas of improvement, you should maintain complete transparency you should be aware of all aging AR reports, outstanding payment reports, etc.
Helping you with seamless hospital accounts receivable, Sunknowledge Services Inc has the perfect team of professionals with a specialized skill set and complete process knowledge to not only look after delayed AR but also ensures continuous AR follow-ups.
Taking your complete hospital AR responsibility, we are the experts work on:
- Scheduling monthly A/R reporting and ensuring timely claims submission
- Making constant follow-up procedures as well as claims correction
- Continuously monitoring the unpaid claims and finding the accurate procedure or solution to eliminate them
- ensures no write-off without your consent
Call us if you are someone looking to improve your hospital accounts receivable as we are the best in the market.