What Makes your Hospital Accounts Receivable Worth!

To speed up your process of recovery, reducing hospital accounts receivable is a huge factor. The days in accounts receivable measures the amount of time spend between the discharge of the patient and payment realized.

1. Some common challenges like inaccurate registration information, insurance denials and verification, demonstrating the medical necessity has to be eliminated to experience a hassle free practice management way! However, any hospital will tell you that primary concern today with the rise of inpatient hospitalization is to manage rising bucket of accounts receivable.
2. Small balances write offs, collecting the details of the patients upfront, all of this can be costly for the hospitals. One of the difficulties in overlooking upfront collections is also with emergency room payments. It is undeniable that hospitals are required to take care of the patients regardless of their ability of pay due to the inpatient nature of the treatment.

However, securing payments for their services remain a challenge for many. Often the department responsible for works like patient registration, checking the benefits do not have time to read insurance contracts. Giving them automated systems can be solution but knowledge of medical billing mandates is a must for any of the in house resources!

Sunknowledge with a reliable approach

Working with top class hospitals, we have complete knowledge of intricacies of knowing payer guidelines. Sunknowledge has a unique presence and currently work with both payers and providers and have great credentials. Our team works out a process which helps us collect aging accounts receivable as old as three years. We know how to drive your ROI, provide you a transparent roadmap to get back your payments on time by reducing denials.

We work on any kind of appeals, know what to do for reducing your hospital accounts receivable bucket. Speak to our team on how we reduce your operational expenses by 70% as a complete RCM partner. Know more about the Sunknowledge advantage over a quick discussion about our partnership approach.