How to tame your infusion billing complications

According to a recent survey, The U.S. home infusion therapy market size was valued at $17.26 billion in 2022 & is projected to grow furthermore; which is $ 18.82 billion in 2023 to $ 33.20 billion by 2032.  

This growth however can be attributed to mostly the increasing prevalence of chronic diseases, advancements in medical technology and medication, and a shift towards more outpatient treatment options.  

As the market expands, healthcare providers and medical billing companies also face unique challenges in ensuring accurate and efficient billing for infusion services. This is because, when it comes to providing crucial medical treatments for patients with severe conditions, infusion services play a vital role in delivering the necessary medications directly into the bloodstream of the required patient. And it can be really tricky opening various scopes for mistakes and so one has to be very careful. Mostly used when oral medications are not effective or feasible for the patient anymore, infusion services are particularly beneficial for patients requiring multiple treatments throughout the day or extended periods. In fact, conditions such as dehydration, any cancer-related diseases, and congestive heart failure are just a few examples of situations where infusion services are a lifeline for patients.  

However, today as the demand for infusion services grows, so does the complexity of infusion billing and keeping track of infusion and billing it accordingly can be a very tricky and one of the daunting affair for many. This is why many providers are choosing to outsource their infusing billing service for better upshots. 

Introducing Sunknowledge Services Inc: Your trusted outsourcing Infusion Billing Partner: 

Navigating the intricacies of the various division of infusion billing, Sunknowledge with years of expertise, precision, and up-to-date knowledge of the ever-changing rules and regulations guarantees better revenue generation for the last 15 + years. 

With a focus on providing high returns and customized solutions, Sunknowledge Services Inc is dedicated to reducing complications in the infusion billing process, ultimately benefiting both healthcare providers and patients. 

What makes Sunknowledge the ideal RCM destination for your infusion billing services? 

• 80 % Operational Cost Reduction: By outsourcing your infusion billing services to Sunknowledge, you can significantly reduce your operational costs by more than half up to 80 % and also save valuable resources that can be reinvested in improving patient care. 
• Reduced Claim Denials Rate: Sunknowledge's team of expert billers and coders is well versed in the intricacies of infusion billing, leading to a reduced rate of claim denials and ensuring a smoother revenue cycle. 
• Higher Productivity Metrics: With Sunknowledge's efficient billing solutions, healthcare providers can experience higher productivity metrics, leading to increased cost savings opportunities. 
• Improved Collections Rate: Sunknowledge Services Inc ensures that medical practices receive maximum reimbursement from their claims, leading to improved collections and financial stability for your practice. 
• Unmatched Accuracy: offering thorough checks and balances that guarantee a 99.9 % accuracy rate, Sunknowledge eliminates billing errors and ensures that healthcare providers receive rightful reimbursements without delays. 
• Rapid Denial Resolution: Sunknowledge's team follows up promptly on every denied claim, reducing the resolving time to around 24 - 48 hours, the expert further work on ensuring a continuous cash flow for your practice. 
• Seamless Billing Process: The expert team at Sunknowledge is proficient in working with various billing software, such as CPR +, Team DME, Kareo, and more, providing a seamless billing process. 
• Dedicated Account Manager: offering a no cost dedicated account manager providing robust reporting according to the client's protocols Sunknowledge additionally offers 24 * 7 hours assistance for any medical billing problems. 
• Insurance Coverage: Sunknowledge Services Inc provides $ 1 million Hiscox/Geico Insurance coverage for any errors of omission and commission, bearing all costs during the transition from the old vendor. 

So for healthcare providers seeking an effective revenue cycle management solution for their infusion billing services, Sunknowledge Services Inc offers the ultimate destination. With their proven track record, expertise, and dedication, Sunknowledge ensures that medical practices can focus on patient care while optimizing their revenue cycle. 

Stop wasting your time for the last few months of the year 2023 and get your infusion billing in check. For more information on how Sunknowledge can help or make any difference, get in touch with the expert to know better.