Skilled nursing facilities (SNFs), assisted living and home care providers all fall under long term care. However, today with the rising billing intricacy and changing regulation, a long term care facility not only requires a strategic approach to recovery revenue but also a solution in reducing the denial and rejection rate and a better billing operation
According to a recent survey in the United States, the number of individuals who will require or be associated with long term care facilities in the next 30 years is projected to be more than 17 million of people. Though today the current spending on (LTC) long term care facility is somewhat more than $ 300 billion annually, healthcare practices had to end up dealing with a lot of challenges when it comes to managing long term care revenue cycle management.
Here are the common long term care facility billing challenges-
- Incorrect documentation problems
- Unreasonable delays in processing claims
- Unreasonable interpretation of the applicable LTC policy
- A claim that the plan has been preempted under state or federal law
- Coding errors
- Duplicate billing etc
Sunknowledge – a solution for all complex long term care facility billing and coding problems:
Taking care of all the documentation, verification to timely claims submission and AR management etc, Sunknowledge Services Inc is a state of art solution effortlessly catering to all your long term care facility billing needs.
With a complete understanding of all the requirements of claims and also form UB -04, our experts not only assure a cleaner claims submission but also a constant checks and balances, standardized communication and continuous follow-up etc. In fact, we are the only RCM solution that has a track record of 99.9% accuracy rate and furthermore the versatility and knowledge of pursuing claims with different payers. moreover, we know it all with guidelines followed by different payers for authorization, timely filing process, case rates, per diem rates, DRG, etc; ensuring a faster reimbursement and a lesser error rate. With our unmatched standards of productivity, we can transform your cash flow in no time.
