HOW TO OVERCOME DENIAL & AR AGING ISSUES FOR YOUR PRACTICE?


Norabliss

Uploaded on Oct 15, 2020

If you really want your practice to grow and make profit, then there are two important areas you need to work on- A/R and denial management. Without an effective strategy for denial and accounts receivable management, you will be losing a lot of revenue. • According to a study by a 2014 Advisory Board, around 90% of claim denials are preventable. It is very important that you are watching out for A/R aging because delayed collections and aging bills are extremely difficult to get reimbursed. Your staff will have to spend a lot of time and money for each follow-up round which means increased operational burden and high resource cost. If not attended to, there will be a pile of unpaid bills at the end of a fiscal year and you will suffer huge losses.

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