Uploaded on Jul 26, 2021
If you are experiencing a denial rate, a detailed analysis for implementing improvements to your revenue cycle can help you grow. Learn more about preventing denials by getting in touch with 24/7 Medical Services. Contact us [email protected]
Implement These 6 Steps To Reduce Denials For Your Practice
Implement These 6 Steps To Reduce Denials For Your
Practice
https://www.247medicalbillingservices.com | +1 888-502-0537
Implement These 6 Steps To Reduce Denials For Your
Practice
The workflows you handle every day at your practice be it patient check-in,
check-out, the billing process, or revenue cycle management – everything is
the same no matter how big or small you are.
Maintaining your revenue flow through efficient billing and claims is important in
healthcare practices that stand a chance to pose bigger challenges. Identifying
claim denials from both patients and companies to reduce the denials rate and
the time between patient service and payment will affect various teams, from
the front office staff to the backend team.
https://www.247medicalbillingservices.com | +1 888-502-0537
Implement These 6 Steps To Reduce Denials For Your
Practice
Time is the best investment
In 2018, Healthcare Financial Management Association (HFMA) found
that out of $3 trillion in total claims submitted, $262 billion were denied, which
is $5 million in denials on average.
Here are some of the top causes of high denial rates
• Missing information
• Duplicate claim or service
• The payer doesn’t cover the service
• Improper coding
• The patient is ineligible for services
• The claim is missing authorizations
• Educate and communicate
• Verify insurance before the service
• Understand your payers
https://www.247medicalbillingservices.com | +1 888-502-0537
Implement These 6 Steps To Reduce Denials For Your
Practice
Conclusion:
It’s always good to prevent mistakes today to avoid them in the
future. You can avoid mistakes today, to avoid negligence in patient
care. Patient care is important for your healthcare brand and hence,
giving proper attention to details will let you win.
If you are experiencing a denial rate, a detailed analysis for
implementing improvements to your revenue cycle can help you
grow. Learn more about preventing denials by getting in touch with
24/7 Medical Services. Contact us
[email protected]
https://www.247medicalbillingservices.com | +1 888-502-0537
Implement These 6 Steps To Reduce Denials For Your
Practice
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
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