According to the latest CMS details, only 70% of the total claims get paid for the first time which gets submitted to the insurance companies. More than 30% of the same either get rejected, lost or ignored in the RCM process. As denials consume a lot of time and resources as 60% of the same never get resubmitted to the insurance companies.

  • Also, 18% of the denied claims never get collected by the healthcare providers. Reducing the pending volume as AR is measured in days.
  • The bucket for payments are due for services for the first 30 days and then from 31-60 days in bucket.
  • All of the above mentioned details are enough testimony that managing healthcare accounts management services isn't an easy task.
  • Thus, lowering down on your pending AR volumes depends a lot on understanding how to deploy best in class tactics to recover aging AR.
  • Managing everything with the right touch of professionalism is going to be the key to improved ROI.
  • In fact, it is only going to become difficult in the long run and that may shift you from your patient care efforts.

The most challenging area is always going to be how you implement measures that will reduce your operational expenses, help you raise the bar above general practice management expectations and create a holistic process that will lower down all your reimbursement worries once and for all.

Thus, it is pertinent to find a way in managing everything with the right consistency. But the most concerning part is always going to be in finding a dedicated healthcare accounts receivable management services partner. Hence, knowing how to select someone that knows in and out of the latest dictums in healthcare accounts receivable management services is going to be critical.

Lowering down gaps in healthcare accounts receivable management services

A genuine question that arises is in knowing whom to trust as your healthcare accounts receivable management services vendor? The best ones have quality knowledge on how to dive deep, engage better and improve transparency with improved viability.

Delivering excellence is all about connecting the dots, creating a process which is transparent and comprehensive. That is where all the difference is been made with a dedicated healthcare accounts receivable management services partner.

At the end of it all, you must engage with your audience a lot better and upgrade all your front and back end efforts and that will set the ideal benchmark in your revenue cycle management demands. Knowing who are the clients in the healthcare space that the company is working with can give you an inside story on how they work with their partners.

What makes Sun Knowledge Inc Exceptional?

Our ability and versatility to improve your bottom line is second to none. We will make sure that no accounts irrespective of its size or source is left untouched. Our team has unparalleled knowledge on how to work out a tactical plan that will reduce your front and back end worries with ultimate consistency.

We have demonstrated capabilities to work out a tangible plan that will help in recovering difficult aging AR's like none other. Find out more on how we upgrade and streamline with our tailored healthcare accounts receivable management services.