Knowtion Health Achieves High Marks in KLAS Report
Recent surveys have highlighted how Knowtion Health excels in addressing Coordination of Benefits (COB) denials. By enhancing patient engagement, Knowtion Health has been effective in improving client outcomes.
Key Findings of the KLAS Report
According to a KLAS First Look report, Knowtion Health received A grades across every key performance indicator. This impressive evaluation underscores the firm's capabilities in managing a complex revenue cycle within the healthcare sector.
The survey results indicated that providers noticed substantial improvements in patient engagement and cash flow regarding challenging accounts receivables (A/R). Additionally, there was a marked reduction in bad debt due to previously unresolved denials. 100% of participants indicated their willingness to utilize the COB solution offered by Knowtion Health again.
Expert Insights from Knowtion Health's Leadership
Erica Tingley, President & CFO of Knowtion Health, expressed the firm's commitment to addressing revenue leaks while guiding patients through the complexities of healthcare payment processes. The recognition received in the KLAS report validates the firm's impactful contributions to their clients and reassures their team of the significance of their work.
How the COB Solution Works
Knowtion Health's COB solution uniquely blends advanced technology with patient advocacy, resulting in enhanced revenue recovery and improved patient satisfaction. The technology leverages analytics, workflows, and automation to score and prioritize claims, providing actionable insights that facilitate quicker resolutions.
Client Testimonials Reflecting Satisfaction
Findings from the KLAS report include positive feedback from clients, praising Knowtion Health's strengths:
“The knowledgeable team at Knowtion Health is one of their greatest assets. They comprehend our objectives, ensuring minimal reminders from us. The communication is smooth, and we rarely hear complaints from patients.” — VP/Other Executive
“Knowtion Health's reporting capabilities are top-notch. Their performance dashboards are straightforward, making it easy for us to track monthly returns on investment. Their commitment to performance is evident in their excellent communication.” — Director
“A significant advantage of Knowtion Health is their industry reputation. The firm has long-tenured employees, which means we interact with experienced staff, avoiding the inefficiencies of frequent personnel changes.” — VP/Other Executive
The Commitment of Knowtion Health
The report highlights Knowtion Health's dedication to continuous improvement and the enhancement of their product offerings. They strive to address prevalent issues in the revenue cycle landscape, ensuring their services adapt to the needs of providers and patients alike.
About Knowtion Health
Founded in 2008, Knowtion Health specializes in revenue cycle management that enables hospitals to recover complex, unresolved patient balances and enhance financial outcomes. They serve over 550 hospitals across the country, managing approximately $4.5 billion in outstanding balance accounts annually. Combining innovative technology with specialized knowledge, Knowtion Health delivers measurable results and is recognized among the fastest-growing companies in the healthcare sector.
Backed by Arsenal Capital Partners and Sunstone Partners, the company continues to innovate and expand its services. Knowtion Health is increasingly seen as a reliable partner for providers seeking effective solutions to their revenue cycle challenges.
Frequently Asked Questions
What grades did Knowtion Health receive in the KLAS report?
Knowtion Health received A grades for all key performance indicators in the recent KLAS First Look report.
How does Knowtion Health benefit hospitals?
The company helps hospitals recover unresolved patient balances, reduce revenue leakage, and improve overall financial performance.
What technology does Knowtion Health utilize?
The firm employs a proprietary technology that scores and prioritizes claims using analytics and automation, ensuring quicker resolutions.
What do clients say about Knowtion Health?
Clients express satisfaction with Knowtion Health's knowledgeable team, straightforward reporting, and their long-standing industry reputation.
How long has Knowtion Health been in operation?
Knowtion Health has been in operation since 2008, providing essential revenue cycle management services to healthcare providers.
