A Look On Denial Management Services
                     A Look On Denial Management Services
According to a survey by 
AAFP (American Academy of Family Physicians), denials are 
a frequent occurrence accounting for between 5-10% of 
hospital claims. Denial Management Services Industry 
experts believe that in order to improve revenue flow, it is 
very important for providers to keep this number close to 5%. 
And in order to achieve this, they need to have a robust 
denial management process in place.
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   A Look On Denial Management Services
Why denials continue to be a challenge?
You will be surprised to know that there are quite a few number 
of providers who still use the manual denial management 
process. This not only creates room for errors but also slows 
down productivity.
According to a survey by HIMSS Analytics, at least 31% of 
providers still use the manual denial management procedure.
As per an article in RevCycle Intelligence, most providers or 
hospitals don’t have an effective denial management process in 
place, be it manual or electronic.
According to a blog post on Medical Group Management 
Association, only one out of three providers (35%) appeal denied 
claims.
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A Look On Denial Management Services
Why do you need denial management services?
Every healthcare organisation needs to work on three fundamentals 
for denial management- prevention, analysis, tracking and trend 
management. It is important to understand why claims get denied, to 
streamline the denial management process, to track the progress 
and outsource the process, if needed.
With the right denial management services in place, it becomes 
easier to identify the most common reasons and trends for denials. 
Once the causes are identified, cash flow can be easily maximised.
Denial management experts implement the right technology that 
helps in handling denials effectively. They also use the best 
technology to determine whether or not a claim should be appealed.
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             A Look On Denial Management Services
Conclusion:
Electronic claims denial management is the need of the hour 
because keeping up with the changes in diagnostics codes and 
insurance policies can be extremely exhausting for billers and 
coders. With the right software, codes and requirements are 
automatically updated.  This saves research time which can be 
then used by the billers to double check claims and ensure that 
all requirements are being met. Error-free claims will lead to 
zero denials.
https://www.247medicalbillingservices.com   |   +1 888-502-0537
     A Look On Denial Management Services
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing 
service provider catering services to more than 43 specialties across 
the entire 50 states. You can rely on us for end-to-end revenue cycle 
management. We guarantee up to 10-20% increase in the revenue 
with cost reduction of your practice for up to 50%. 
Media Contact:
Hari Sudan, 
24/7 Medical Billing Services,
16192 Coastal Hwy, Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
https://www.247medicalbillingservices.com   |   +1 888-502-0537