An Efficient Medical Billing System Can Avert 90% and also Recover 67% of Your Denials!


See on Scoop.itBest Billing Practices

Jacob Thomas‘s insight:

Denials make up an important part of the cost of running a practice as services provided but not paid can significantly affect the profitability of a practice. But the increasing complexity of insurance contracts, falling reimbursements and claims denials are a harsh reality for most practices today.

In the current demanding healthcare environment a good billing system which can accurately recognize denials, denial trends and their causes is a requisite to high productivity and reduced costs.

 

Industry Averages

Preventable Denials = 90%Denials that are Recoverable = 67%

 

See on www.medicalbillersandcoders.com

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