An Efficient Medical Billing System Can Avert 90% and also Recover 67% of Your Denials!
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.
Preventable Denials = 90%Denials that are Recoverable = 67%
- Posted in: Medical