Managing infusion billing is an intricate process and requires accuracy and attention to detail. This is because 43 % of problems in infusion billing start with not overlooking.
In fact, here are a few common infusion billing and coding problems –
- Coding and Documentation issues: Infusion therapy involves the administration of medications or fluids directly into a patient’s bloodstream. Not having accurate coding and documentation will only delay the patient care and billing error which can be a real problem for many.
This is why correct codes and documentation are always important and needed with an eye to detail to avoid any kind of infusion errors, claim denials or delays in reimbursement. - Lack of Clarity in Coverage Policies: Another significant challenge in infusion billing arises from the inconsistency and lack of clarity in insurance coverage policies. As different payers may have different coverage criteria and reimbursement rates for infusion services, billers often miss out on the due to overlooking the latest changes making it difficult to navigate the billing operation.
- Reimbursement Delays and Denials: delays and denials in infusion billing are common and prone to reimbursement issues, which can disrupt cash flow and strain healthcare providers’ financial stability. In fact, common causes for such infusion delays and denials start with overlooking coding errors, incomplete or missing documentation, or discrepancies in medical necessity.
In fact, this leaving 83 % of infusion providers looking for alternatives to manage the infusion billing operation with effective solutions to streamline the process and optimize reimbursements without burning holes in the pocket.
Leverage Sunknowledge facilities for your infusion billing transaction:
Addressing all your infusion billing challenges proactively and implementing streamlined solutions in no time Sunknowledge for the last 15 + years is known for optimizing revenue cycles and in enhancing patient care.
Establishing efficient workflows for your infusion billing, coding and leveraging electronic prior authorization tools, Sunknowledge further maintains open lines of communication with payers that helps in streamlining this process in no time and through rechecks to avoid any kind of billing and coding errors. With a track record of a 99.9 % accuracy rate, the team further reduces manual efforts and expedites the approval process as well. with a dedicated team constantly trained and have a comprehensive understanding of infusion therapy coding guidelines, documentation requirements, and the latest updates, the expert further minimizes 97 % of your denials claims.
Implementing a robust billing and claims management system that includes regular auditing and quality checks so you can identify and rectify potential issues before submission Sunknowledge today is known for streamlining the documentation process by utilizing electronic health record (EHR) systems with integrated billing features which reduce errors and ensure comprehensive documentation, improving the chances of successful reimbursement. Reducing your operational expenses by 80 %, Sunknowledge is further recognized for the highest productivity metrics.
So what are you waiting for? Call the Sunknowledge expert now and find your way to efficient infusion billing.
