The US sleep disorder clinics market size was valued at $6.11 billion (about $19 per person in the US) in 2023 and is expected to reach $8.43 billion (about $25 per person in the US) by 2029, growing at a CAGR of 5.51% during the forecast period. The market growth can be attributed to multiple factors like rising geriatric population, rising baby boomers, increase in healthcare expenditure, growing prevalence of heart diseases, nerve disorder and general growth of awareness among people.

In this rising need for sleep medicine, healthcare providers are overwhelmed with quality services while maintaining the revenue. The financial aspect of these crucial services requires attention and adherence to the best practices in billing. The multifaceted and intricate process of sleep study billing is putting pressure on the sleep medicine specialists as there is a lack of expertise in the billing intricacies.

To identify the reasons for sleep disorders, sleep studies are performed to gather data related to patient’s sleeping patterns, breathing patterns, brain activity and so on. Medical billing and coding for all these activities are no ordinary tasks. Procedures like polysomnography are associated with specific code that must be accurately utilized for effective reimbursements. A minor error in coding can lead to denial of claims and inhibit the growth of revenue cycle.

In this context, the role of an expert medical biller and coder is significant. These professionals have the expertise in handling the distinctive codes used in sleep studies. Furthermore, the sleeping study billing encompasses a comprehensive range of activities including patient registration, insurance verification, charge entry, claim submission, payment posting and denial management. Each of these steps requires a meticulous knowledge and expertise regarding the billing and coding process.

Moreover, the dynamic space of healthcare demands you to stay updated about the changing rules and regulations. A team of billing experts are always up to date about the changes within the healthcare realm. While continuous learning and adaptation to the changes in regulations becomes a burden for the practitioners along with their clinical responsibilities; billing experts take over the accountability of sleep study billing and coding.

In the realm of sleep medicine, providing optimal patient care goes with effective billing procedures. Sleep study billing is a bit tricky and with a lengthy process it seems like a burden to healthcare providers. However, with an industry expert like Sunknowledge Inc, you can eliminate your billing worries. Their efficient services for more than a decade, versatility and great references in the industry will open a new opportunity for you to channel your sleep study billing process.

At just $7 per hour, the team will reduce your operational costs by 80% and drive your revenue. Sunknowledge being a team of specialists in medical billing and coding provides you with 100% HIPAA compliance and utmost data security. 

The company has the experience to work with some of the largest sleep centers in the USA and understands the significance of tailored support with checking eligibilities, working on prior authorization, submitting claims on time, medical coding, payment postings, denial management and so on. 

If you are looking for a reliable medical coding and billing partner, trust in Sunknowledge’s approach to constant quality and next gen extension with which they can transform your practice’s financial health in the best proportions.