Today more than 83 % of healthcare practices lose out tons of money due to denials which however can be avoided. A recent report shows that 12 % of denials are due to insurance payors requiring physicians to obtain approval before the insurer covers a medication or procedure and more than 31 % of denials are caused due to wrong data management. In fact, there are numerous reasons for claims being rejected and denied. Even though denials in HME billing are universal, they can be prevented if you have the right solution or expert support by your side.
Sunknowledge the right operational extension support:
Catering to the needs of HME billing pre and post billing, Sunknowledge is a leading RCM destination with the highest productivity metrics in the industry. Without compromising on the standard, Sunknowledge today is popular for reducing operational expenses, ensuring a 99.9 % accuracy rate and shrinking your accounts receivable bucket by 30%.
How Sunknowledge reduces your HME denial frequency:
Working for more than a decade with experienced billers and a team of CPC-certified coders, Sunknowledge experts offer you hands-on support that understands what it takes to get your cash flow.
With experienced front billers and coders verifying insurance, validating patient benefits, verifying demographic information, and obtaining authorizations, the Sunknowledge experts further follow the right checks and balances and also work on ensuring the correct process of coding and modifiers. Working on timely and cleaner claims submission, Sunknowledge experts not only reduce your chances of denial errors but also decrease your chances of claims denial and rejections.
Understanding procedures and insurance contract policies and ensuring efficient denial prevention processes, Sunknowledge expert with standardized communication work on faster claim payments and continuous cash flow process for your practice.
In fact, Sunknowledge experts with the constant follow up and constant update of billing regulations and industry mandates further maximize efficiency within a practice to prevent time and resources on claim denials.
Reducing your denial rate and saving you tons of money, Sunknowledge is a cost-effective solution reducing your denial rate at only $ 7 an hour.
Saving tons of money and some extra time for your staff to focus more on patient care and not only complex claims denial approach and HME billing complications, the expert further performs a range of duties for smoother HME billing transactions.