1 / 5

Implement These 6 Steps To Reduce Denials For Your Practice

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 info@247medicalbillingservices.com

26057
Download Presentation

Implement These 6 Steps To Reduce Denials For Your Practice

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Implement These 6 Steps To Reduce Denials For Your Practice https://www.247medicalbillingservices.com | +1 888-502-0537

  2. 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

  3. 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

  4. 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 info@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537

  5. 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 - info@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537

More Related