With the combined spending on Revenue Cycle Management operations exceeding $ 400 billion, improving revenue cycle and bringing cost efficiencies is amongst the top priority for the Hospitals. Hospitals are looking to achieve timely and appropriate payment for services. It has become important to maintain a strong cash position allowing the hospitals to improve care to their patients. Half of all the transactions involved outdated manual methods, such as phone calls and mailings.
Knack’s Hospital solution provides a comprehensive suite of services supporting you to improve care, operations and increase your cash flow for both inpatient and outpatient scenarios. Our Hospital solution shares a common platform between its different components such as Lab and radiology ordering and results, electronic prescribing, Pharmacy ordering, and hospital results and other documentation making it easier to correlate a patient’s data and present it at the point of care. Our unique EMR software will help your practice benefit from Meaningful Use incentives, enabling you to increase productivity while fulfilling compliance standards.
What makes us different is the way we do it. Our dedicated and experienced staff of professionals consistently exceeds industry standards. You may experience an estimated saving of 10-20% on your revenue leak by following three simple steps:
- Improving Coding & Billing practices to reduce number of rejections
- Decrease in eligibility errors through electronic systems of eligibility and benefits check
- Timely billing of charges with utmost accuracy “Right at the First Time”
“I have very good working relationship with Knack. They are quick to respond to inquiries and immediately bring any trends/issues to our attention. Highly recommended, wonderful company.”
- One of the Big RCM Service Provider