Time to Improve Your Cash flow for Your HME Billing

Time to Improve Your Cash flow for Your HME Billing

It is estimated that by 2022, the healthcare industry to experience huge growth with more than 2.8 million job opportunities, where almost 30% of that increases opportunity only attributed towards medical billing and coding jobs. In fact, today in the HME billing world, billing and coding are exceptionally important to the healthcare industry, as it is one of the reasons for increasing costs and decreasing reimbursements disturbing most healthcare practitioners.

Though the medical billing and coding process has undergone a lot of significant changes in the past few years, such as increased scrutiny on payment errors, the introduction of different billing software making life tougher for people involved in medical billing and coding process but eventually helpful introduction of ICD-10 is also there. However, is it not enough to ensure a successful HME billing procedure. As for many small sizes with limited resources healthcare providers, often lag behind when it comes to keeping up with the latest medical coding, medical billing, and medical reimbursement guidelines.

Moreover with this expensive medical billing affair today many healthcare providers are looking for a simple and inexpensive method to streamline their medical coding and billing processes with complete transparency for a better revenue generation, resulting in opting for outsourcing.

How outsourcing your Medical billing and coding for HME billing results in better cash flow:

Contrary to what many think, it is easier to outsource your medical billing and coding process for HME billing for improved financial performance while reducing costs and employee recruitment hassles. In fact, it is only a matter of time before you can start seeing the result of outsourcing like:

  • Reduced cost of maintaining high-end software and equipment etc
  • Reduced call volumes
  • Elimination of hiring and training costs and other employee benefits
  • Ability to focus more on patient care and other vital areas
  • Elimination of "non-medical" office space for better organization
  • The Lesser negative effect of worker turnover and churn
Sunknowledge Services Inc an outsourcing solution for superior HME billing conclusion:

Being a 2007 medical billing and collection destination, Sunknowledge Services Inc today has more than 100s of satisfied clients. Excelling in several billing software Sunknowledge experts are proficient and have the ability to offer assistance in any client proprietary platform and billing software like Brightree, CPR +HME, Team DME, Kareo, Futura and many more, which is a rare benefit offered in any other RCM organization. Working with most of the leading names in the industry, our main goal is to provide a cost-effective billing solution with the streamlined operation and financial upliftment.

Sunknowledge advantage for HME billing services:
  •  Complete operational transparency with no extra hidden charges
  •  99.9% accuracy rate in the medical billing and coding process
  •  30% shrink in your account receivable bucket from the 1st month itself
  •  100% prior authorization submission on the same day
  •  Exceptional highest productivity metric at a low cost
  •  No-cost dedicated account manager and billing team with complete billing assistance
  •  $1 million Hiscox/Geico Insurance coverage for any errors of Omission & commission
  •  We bear all costs of transition during your migration from the old vendor
Offering task-specific activities at $7 per hour Sunknowledge complete HME billing services covers:
  •  Order entry (patients, providers, insurance, items, etc)
  •  Eligibility verification (both online as well as calling)
  •  Prior authorization with patients calling and doctor’s office follow up for relevant documentation that needed for the process
  •  Reauthorization
  •  order Confirmation
  •  Scheduling of the delivery

Post billing services:

  •  Claims management
  •  Rejection management
  •  Payment posting auto (with and without audit as well as manual)
  •  Account receivable follow-up
  •  Account receivable and denial management

To experience a streamlined operational and financial upliftment for your HME billing, Sunknowledge Services Inc is the perfect one-stop destination. For more information and what difference, Sunknowledge experts can bring to the table for your HME billing, get in touch with the Sunknowledge experts.

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