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LKN helps hospitals streamline the patient registration process, ensuring accurate collection of patient demographics and insurance information. We verify patient insurance coverage to determine eligibility and benefits, reducing the risk of claim denials and delays.
LKN will ensure that all services provided by the hospital are appropriately documented and billed. They review medical records, assign relevant codes (CPT, ICD-10, HCPCS, etc.), and make sure the charges are accurately captured for billing purposes
We handle the submission of claims to insurance companies and government payers. They follow specific guidelines and requirements to maximize the chances of successful claim adjudication
LKN will track the progress of submitted claims, monitor denials, and appeal rejected claims. We identify the reasons for denials and work to resolve issues to ensure timely reimbursement.
LKN will manage accounts receivable to ensure prompt payment. They follow up with insurers and patients on outstanding balances, implementing effective strategies for debt recovery.
LKN will provide hospitals with comprehensive financial reporting and data analytics. They analyze revenue trends, identify opportunities for improvement, and offer insights for revenue optimization.
We assist with provider credentialing and enrollment processes with insurance companies and government payers. This ensures that the hospital's healthcare providers can bill and get reimbursed for their services.
LKN will ensure our clients are kept up to date on healthcare regulations and help hospitals maintain compliance. We ensure that billing practices align with applicable laws and guidelines to avoid legal issues and penalties.
We also offer consulting services to hospitals, assessing their current revenue cycle processes, identifying areas for improvement, and implementing strategies to enhance overall financial performance.
LKN employs highly experienced and friendly patient financial counseling services to help individuals understand their medical bills, available payment options, and financial assistance programs.
+1 (888)254-4334
LKN STRATEGIES is a healthcare consulting, medical billing, revenue cycle and business management firm with over 20 years of industry experience.
