Five years back 82% of the prior authorization processes were done manually over the phone and fax which took up a lot of time. The time wasted on per prior auth process in a manual transaction has been only experiencing an increase from 16 minutes in 2018 to 21 minutes in 2019 and 24 minutes in 2021 and furthermore.
In fact, the process of prior authorizations not only takes up a lot of time but equally wastes a lot of money too. According to a survey by McKesson, the prior authorization process is estimated a total range from $ 35 to $ 100 per prior approval. Amounting to a $528 million administrative cost for providers annually, the process of prior authorizations further has a negative impact on patients if you do not have the right operational support to help by your side.
However, finding the right team that can help you resolve complex authorization today is a real challenge.
With a complete understanding of the ever changing compliance rules and authorization requirements Sunknowledge for more than a decade is serving many leading names from the healthcare industry. Taking care of your complete prior authorization initiation, approval and follow up Sunknowledge experts further ensure 99.9% accuracy, 100% authorization submission on the same day and an increased authorization rate by 1.5-2x.
Eliminating all the unnecessary spending that you end up wasting on your authorization expert like – their wages, training etc, Sunknowledge expert also help you in trimming down the operational cost of your practice by 80%.
Sunknowledge further works on enhancing your reimbursement rate and finding opportunities for expanding revenue sources for your practice.
Saving both time and money by taking complete authorization responsibility, Sunknowldge professionals additionally reduces your chance of errors and rate of rejection and denials of claims.
So what are you waiting for? Get in touch with Sunknowledge experts and get the right solution to improve your authorization and fix complications that guarantee better patient care management and productivity.
