What services does Knack Global Medical Billing Company offer

Knack Global offers comprehensive medical billing services, including claim submission, denial management, accounts receivable, and revenue cycle optimization.✅

Knack Global Medical Billing Company offers a comprehensive suite of services that cater to the various needs of healthcare providers, ensuring efficient and effective revenue cycle management. Their offerings are designed to streamline the billing process, reduce errors, and enhance cash flow for medical practices.

In this article, we will delve into the various services provided by Knack Global Medical Billing Company. These services are aimed at optimizing the financial performance of healthcare providers through a combination of advanced technology and expert knowledge. Below, we outline the key services offered by the company:

Services Provided by Knack Global Medical Billing Company

1. Medical Billing Services

Knack Global provides end-to-end medical billing services that include charge entry, claim submission, payment posting, and follow-up on unpaid claims. They ensure that all claims are submitted accurately and promptly, reducing the likelihood of denials and rejections.

• Charge Entry: Detailed and accurate entry of patient charges.
• Claim Submission: Timely submission of claims to insurance companies.
• Payment Posting: Recording and reconciliation of payments received.
• Denial Management: Identifying and rectifying denied claims to recover lost revenue.

2. Coding Services

Ensuring accurate medical coding is crucial for compliance and reimbursement. Knack Global offers coding services performed by certified professionals who are proficient in ICD-10, CPT, and HCPCS coding standards. This service includes:

• ICD-10 Coding: Accurate diagnostic coding to meet regulatory requirements.
• CPT Coding: Proper procedural coding to ensure correct billing.
• HCPCS Coding: Comprehensive coding for supplies, equipment, and services.
• Compliance Audits: Regular audits to ensure coding accuracy and compliance.

3. Accounts Receivable (AR) Management

AR management is critical for maintaining cash flow. Knack Global’s AR management services are designed to maximize revenue and minimize outstanding receivables. The services include:

• AR Follow-Up: Persistent follow-up on unpaid claims.
• Denial Resolution: Addressing and resolving denied claims effectively.
• Patient Billing: Managing patient statements and collections.
• Insurance Follow-Up: Ensuring timely payment from insurance carriers.

4. Credentialing Services

Credentialing is essential for healthcare providers to participate in insurance networks. Knack Global offers credentialing services that streamline the process and ensure timely approval. This service includes:

• Provider Enrollment: Assisting with the enrollment process in insurance networks.
• Re-Credentialing: Managing the re-credentialing process to maintain active status.
• Documentation Management: Handling all necessary documentation for credentialing.

5. Revenue Cycle Consulting

Knack Global offers revenue cycle consulting to help healthcare providers optimize their revenue cycle processes. Their consultants provide insights and strategies to improve efficiency and profitability. This service includes:

• Process Assessment: Evaluating current revenue cycle processes.
• Strategy Development: Creating customized strategies for improvement.
• Implementation Support: Assisting with the implementation of recommended changes.
• Performance Monitoring: Ongoing monitoring to ensure sustained improvements.

Conclusion

Knack Global Medical Billing Company offers a wide range of services tailored to meet the needs of healthcare providers. From medical billing and coding to AR management and credentialing, their comprehensive solutions are designed to optimize financial performance and ensure compliance. By leveraging their expertise and advanced technology, healthcare providers can focus on delivering quality care while Knack Global manages the complexities of the revenue cycle.

Comprehensive Overview of Medical Billing Services Provided by Knack Global

Knack Global Medical Billing Company offers a wide range of medical billing services to healthcare providers, medical practices, hospitals, and clinics. Their services are designed to streamline the revenue cycle management process and optimize reimbursement for healthcare professionals.

Some of the key medical billing services provided by Knack Global include:

• Medical Coding: Knack Global ensures accurate and efficient medical coding to prevent claim denials and optimize reimbursement. Their team of certified medical coders stays up-to-date with the latest coding guidelines and regulations.
• Claim Submission: They handle the entire claim submission process, including electronic claim submission to ensure faster processing and reimbursement. By submitting claims promptly and accurately, healthcare providers can minimize claim denials and improve cash flow.
• Payment Posting: Knack Global reconciles payments received from insurance companies and patients with the claims submitted. This payment posting service helps identify any discrepancies and ensures that healthcare providers receive accurate payments for their services.

By outsourcing medical billing services to Knack Global, healthcare providers can focus on delivering quality patient care while leaving the revenue cycle management tasks to the experts. This can result in increased revenue, reduced claim denials, and improved cash flow for medical practices.

Moreover, Knack Global leverages technology and automation to streamline the medical billing process, leading to efficiency and accuracy in revenue cycle management. Their team of billing specialists is well-versed in handling complex billing scenarios and resolving billing issues promptly.

Specialized Coding Services and Compliance by Knack Global

At Knack Global Medical Billing Company, we take pride in offering a range of specialized services tailored to meet the unique needs of healthcare providers. One of the key services we excel at is coding services and compliance. Our team of experts is well-versed in the latest coding guidelines and regulations, ensuring accurate coding and compliance with industry standards.

Coding services play a crucial role in the revenue cycle management of healthcare facilities. By accurately assigning the right codes to medical procedures and diagnoses, providers can optimize their reimbursements and minimize the risk of claim denials. Our experienced coders undergo regular training to stay updated on changes in coding guidelines, including the transition to ICD-10 and upcoming revisions.

Ensuring compliance with healthcare regulations is paramount in today’s complex medical landscape. Non-compliance can result in hefty fines and damage to a provider’s reputation. By partnering with Knack Global, healthcare organizations can rest assured that their coding practices align with the latest industry regulations, such as HIPAA and CMS guidelines.

Our specialized coding services include but are not limited to:

• ICD-10 coding: Transitioning to ICD-10 was a significant change for the healthcare industry, requiring a deep understanding of the new code set. Our coders are proficient in ICD-10 coding, ensuring accurate and compliant coding for all medical services.
• CPT coding: Current Procedural Terminology (CPT) coding is essential for billing and reimbursement. Our team ensures that all procedures are coded correctly to facilitate timely payments from payers.
• HCPCS Level II coding: Healthcare Common Procedure Coding System (HCPCS) Level II codes are used for billing Medicare, Medicaid, and other health insurance programs. We have expertise in HCPCS coding to streamline the billing process for providers.

By outsourcing coding and compliance services to Knack Global, healthcare providers can focus on delivering quality care to their patients while we handle the intricate details of revenue cycle management. Our commitment to accuracy, efficiency, and compliance sets us apart as a trusted partner in the healthcare industry.

Frequently Asked Questions

What services does Knack Global Medical Billing Company offer?

Knack Global Medical Billing Company offers services such as medical coding, accounts receivable management, and denial management.

How can I contact Knack Global Medical Billing Company?

You can contact Knack Global Medical Billing Company by phone at +91-9876543210 or by email at info@knackglobal.com.

What makes Knack Global Medical Billing Company different from other medical billing companies?

Knack Global Medical Billing Company stands out for its personalized approach, quick turnaround time, and competitive pricing.

Does Knack Global Medical Billing Company offer training for medical billing professionals?

Yes, Knack Global Medical Billing Company offers training programs for medical billing professionals to enhance their skills and knowledge.

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