How To Avoid Denials In Your Medical Billing Services

1. How To Avoid Denials In Your Medical Billing Services? https://www.247medicalbillingservices.com | +1 888-502-0537

2. How To Avoid Denials In Your Medical Billing Services? Medical billing denials are constant headaches hitting several healthcare providers’ operational efficiency, revenue, and cash flows. Numbers clearly tell the story. Did you know that the industry benchmark for medical billing denial stands at 2% for hospitals? In fact, the medical practices are experiencing medical billing denials at rates that range from 5 to 10%, with an average of 4% for the better performers. Some medical organizations even experienced the first billing denial rate as high as 15-20%! For such organizations, one in every five medical claims submission must be appealed or reworked. However, each 0072ework costs around $25 per claim, and usually, the success rates vary between 55 to 98% depending on the expertise and the capabilities of the denial management team. https://www.247medicalbillingservices.com | +1 888-502-0537

3. How To Avoid Denials In Your Medical Billing Services? Track Each Claim • Pinpoint the “Why” in your Claim Denials • Follow Up in Time • Automate Eligibility Checking • Revisit Your Medical Processes for EOBs & Remits • You can’t avoid a denial until you know its existence! If there are constant procedural delays, you miss out on the opportunities for timely claims re-submissions and a/r follow-ups. Instead, it is the right time to switch to electronic EOBs and streamlining the remit management system so that you can eliminate human errors, thereby saving precious time. https://www.247medicalbillingservices.com | +1 888-502-0537

4. How To Avoid Denials In Your Medical Billing Services? Conclusion: Avoiding any of the reasons for denials occurrence is key for ensuring optimal insurance denial management in medical billing. But it takes a lot of effort for a busy medical practice to keep up with these latest medical billing procedures. The best alternative is to follow the best denial management tactics or partner with an experienced 24/7 Medical Billing Services team. They can often ensure better insurance denial management with up-to-date collections. https://www.247medicalbillingservices.com | +1 888-502-0537

5. How To Avoid Denials In Your Medical Billing 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 - info@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537