Sunknowledge Specializes in Accounts Receivable Management

Posted by Willam Smith on October 22nd, 2018

Sunknowledge Services Inc has been the essential medical revenue cycle management for the longest time in the United States of America, since its inception in the year 2007. We provide the best end to end as well as standalone service in all matters related to the revenue cycle management in the states. The process of revenue recollection that is followed by Sunknowledge is a digitalized and standardized one which is capable of solving all obstacles in the process of revenue recycling and successfully executing the practice to the maximum advantage of the payer as well as the provider. Sunknowledge plays the prefect mediator between the two, taking care of all the communication to meet the payment protocol.

Accounts receivable management is one of the major areas of revenue cycle management which Sunknowledge specializes in. When a claim remains unanswered from payer long after the statutory submission of the same, the pending profile is termed as accounts receivable, which means money supposed to be received by the provider from the payer company against the medical good and services rendered and/or delivered by the former. Sunknowledge maintains a record of 97% A/R recovery, which is one of the benefits of our system. We approach our client’s Accounts Receivable as according to the following
practice rules. 

• A/R analysis: It gives the statistical data about the tricks and the trends of the business like 14% of the claims are denied, resubmitted, re-appealed or written off by the provider, 50% of the denied claims are never re-filed and 50 to 70% of denied claims have a higher possibility of recovery.
• Payer  follow up: Constant follow up with the payer company in order to know the status of the A/R as long as it remains pending is important for its recovery.
• Closure of the claim: Ending the A/R profile after the claim is met or denied, as the case may be, by updating the provider’s system to the same effect along with the required practice information.  

Please click at sunknowledge.com or call us on the numbers provided to know more about our services.