With the shortage of skilled workers, healthcare practices are struggling to maintain a profitable and seamless billing operation. Today, people choosing the option of unemployment benefits over working, is the new trend. Thus, finding the right team to handle your RCM is a serious struggle. Moreover, the recent declaration of bringing up to 8 COVID–19 home tests per month under the ambit of Medicare coverage (beginning this Spring) will further add to the pressure already on providers. In a recent move to mitigate many of the concerns that continue to plague health care providers, Sunknowledge Services Inc., one of the best known names in outsourced revenue cycle management services in the healthcare sector, has announced an immediate creation of a specialized panel of billers, coders and AR analysts to cater to billing requirements for COVID-19 related services (like testing, treatment and vaccination).
This special panel will also address insurance claims linked to COVID–19 home tests, which are slated to rise within a short time. In a recent survey by the National Community Pharmacists Association, it is seen that 9 out of 10 pharmacies are having difficulties in keeping up with the surging demand for at-home COVID-19 tests, whereas 92.7% complained of having a tough time sourcing enough at-home COVID-19 tests to meet the demand. Furthermore, the situation is expected to worsen with the rise in the number of covered tests from Spring. Medicaid will cover over-the-counter (OTC) COVID-19 diagnostic and screening tests that provide ‘at-home’ results for reimbursement with no member cost sharing.
A senior member from Sunknowledge has observed, “Healthcare practices today are struggling to manage their medical billing operations with rising costs and reduced billers, which is increasing denials and resulting in delayed cash flows. In fact, with new COVID codes and regulations all the rage, providers are having a difficult time collecting steady reimbursements. Working for many leading names, we understand COVID-19 billing requirements and work accordingly. We guarantee faster reimbursements with our trained pool of billers and coders who understand how to handle claims for COVID home-tests.”
Over the years, Sunknowledge Services Inc has been working with many leading names across the US in DME, HME, Urgent Care centers, laboratories and dozens of other specialties. The company is known to provide highly flexible and customized medical billing and collection support, enhancing key performance metrics, so that healthcare providers can worry less about billing and focus more on what matters the most viz. patient care. Resolving problems like those arising from using inadequately trained billers/coders, escalating operational expenses and shortage of skilled labor, Sunknowledge has emerged as a highly respected destination for healthcare RCM services. With the introduction of their new panel of COVID-19 billers and coders, they are expected to further gain the trust of healthcare providers that has been a major driving force since their genesis.
For Media Inquiries, Contact -
Ronnie Hastings
Director of Business Development
Sunknowledge Services Inc.
Contact Number: +1-646-661-7853
Email Id: rh@sunknowledge.com
Ref Link: [FURL]https://sunknowledge.com/covid-testing-billing-services/[/FURL]