Billions. That’s how much claim denials and delayed payments cost hospitals each year. We found some strategic remedies after reviewing the root causes of the problem. It can be solved.
In addition to the mounting reporting administrative tasks on providers, other hospital revenue cycle management challenges threaten financial health include billing disputes and prolonged A/R days. Learn what hospitals can do to improve clean claims rates, get paid faster, and mitigate the risk of legal actions.
Medical providers need to stay current on the latest updates and know what type of audits to expect and when. Join us as we review the latest news surrounding CMS audits and review the best tips you can take to be prepared.
What can hospitals do to improve their claims denials management process? We review some facts about claims denials, and share valuable advice as to how hospitals should address the issue head-on.
Regarding claims management, the holy grail for hospitals continues to be a high clean claim rate… but how do you get there? What KPIs — Key Performance Indicators — does your revenue cycle team follow? Is the clinical side dialed into the process? We take a look at some recommendations in this article.
Successful management of claims denials is one of the most important aspects of a productive revenue cycle management process. Learn more about claims denial management and what steps your healthcare organization can take to improve this internal process.
Hospital billing and claims management processes have a clear and direct impact on the financial health of an organization. However, oftentimes healthcare executives blame poor performance on external factors, rather than analyzing internally. We take a deeper look at this issue and how hospitals can improve their practices to increase revenue.
Denial and claims management are key focus areas in the hospital revenue cycle process. While traditionally thought of as a back-end focus area, more hospitals are taking a proactive approach to identifying possible problems up front.
Billing mistakes account for a significant source of lost revenue for hospitals, clinics, and providers annually. Learn about these common billing mistakes and how to avoid them with best practices and advanced claims management technology.