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Comprehensive Approach for Denial Management<br><br>Denial management process can make or break your revenue cycle. Itu2019s one of the most critical phases in the overall revenue cycle process that can have a significant impact on a Medical Practiceu2019s revenues and cash flow. <br><br>Request a free billing quote today at info@medicalbillersandcoders.com/ 888-357-3226 and start enjoying the advantages of cleaner claims that focus on improving the financial health of your medical practice.<br><br>Read More Here: https://www.medicalbillersandcoders.com/blog/comprehensive-approach-for-denial-management/<br><br>#denialmanagem
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Comprehensive Approach for Denial Management Medical Billers and Coders
Denied claims offer lots of challenges for any practice owner. Your billing staff is already busy verifying patient and insurance data and trying to submit clean claims. And when claims are denied, they have to work on these denied claims once again from the start. Ideally, when you submit 100 claims, not more than 10 claims should be denied. But for some practices this denial claim percentage could be as high as 30 percent or more. The Healthcare Financial Management Association (HFMA) reported earlier this year that, out of $3 trillion in total claims submitted by healthcare organizations, $262 billion were denied, translating to nearly $5 million in denials, on average, per provider. Imagine the struggle of the medical billing team in such practices to submit new claims as well as reworking denied claims within a timely filing limit.
Comprehensive Approach for Denial Management • The Real Cost of Denials • Submitting Clean Claims • Taking Prior Authorizations • Avoiding Common Denials
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