Sunknowledge Services Inc, the medical billing company which was formed in the year 2007 has been the game changer of sorts for the United State’s medical billing market. It has been working successfully with all the top medical clients of the states which include Nursing Homes, Pharmacies, DMEs, Prosthetics and Orthotics, Dermatology, Oncology, Radiology, Skilled Nursing Care Units, Urgent Care Units and many more. Sunknowledge has always enjoyed 100% client satisfaction and zero attrition rate, hence proving its professional goodwill. It provides end to end as well as standalone services on an ala carte basis to its clients, enabling them enough freedom to make the most of Sunknowledge’s billing expertise.
The RCM profile of Sunknowledge Services includes the following services.
- Eligibility & Authorization Verification
- Patient Information Entry
- Charge Entry
- Claim Submission
- Payment Posting
- Accounts Receivable
- Denial Management
One of the penultimate and most crucial steps which determine the cash flow in the system and eventually the financial success or failure of the revenue recovery process is accounts receivable. The unsettled amount yet to be received by the provider from the payer is technically termed as Accounts Receivable in the billing parlance. Sunknowledge charges only 2% of the total A/R collections as its service fees for its Accounts Receivable management services. Some of the high points of our A/R services are as follows.
- It is aimed at increasing the revenue generation for clients
- It starts after the provider creates and sends the health insurance claims to the payer’s office
- Sunknowledge follows up the A/R depending upon the transmission type and the time since claim submission
- The steps in Sunknowledge’s A/R management are as follows
b. Follow up with the payer
c. Closure of claim
Our Accounts Receivable analysis is explained as follows
- 14% of all claims are denied and have to be re-submitted, appealed or written off
- 50% of denied claims are never re-filed
- 50 to 70% of the denied have a higher chance of recovery
Do visit our website sunknowledge.com to know better about our services and business profile.