Managing the orthotics billing is tough and denial claims are inevitable. However, a claims denial in orthotics billing is not only just an interruption in cash flow. Claim denial is in fact a setback and result in an increase in manual effort is seen as staff needs to dedicate added time to investigate, appeal, and track each claim, and also is a waste of money.
Today reworking denied claims is estimated to be as high as 20% of an organization’s revenue cycle expenses — or four times more expensive to process; which is quite a costly affair for many. This is why today with these costs outpacing revenue growth, denials management and mitigation have emerged as a key revenue cycle priority for many orthotics providers. In fact, more than 67% of orthotics providers are looking for operational support to help them manage the complex nature of claims and sustain a healthy bottom line as 90% of denial claims can be easily avoidable. This is why Sunknowledge Services Inc is here to help.
The Sunknowledge advantages:
Working for more than 15+ years and offering a preventive and holistic approach to denials management; Sunknowledge today is one the largest RCM solutions in the industry.
Offering you actionable insights for continuous orthotics billing process improvement, especially in light of continually changing standards, regulations, and reasons claims are denied by payers, Sunknowledge offers better billing transactions guaranteeing an accuracy of 99.9%.
Working constantly and offering preventive denials management strategy, to reduce claim denials and increase clean claims for your practices, Sunknowledge experts’ further help with 80% operational cost reduction, shrinking of accounts receivable by 30% and more importantly ensuring constant cash flow throughout. Helping you focus more on patient care management, Suknowledge additionally offers the highest productivity metrics without compromising on the standard of billing.
So what are you waiting for? If you are experiencing sleepless nights for the increasing claims denial rate, Sunknowledge is the destination for all your problems. So leverage Sunknowledge advantages and save your staff from experiencing an enormous drain of time and resources. For more information, get over a call right now.