Q&A with Revenue Cycle Expert on Key Denial Management Strategies [SSI Claims Denial Management Series: Part 3 of 3]
RCM expert Lori Brocato shares key strategies to help you and your organization make improvements in denials management.
RCM expert Lori Brocato shares key strategies to help you and your organization make improvements in denials management.
Medical claim denials are a constant headache that negatively affects hospital and health provider revenue, cash flow, and operational efficiency. Fortunately, we can avoid many denied claims with the right expertise and processes. While it’s impossible to eliminate denials 100%, improving your understanding of and preparation for the most common types can help eliminate the chance of them ever occurring in the first place and substantially impact your bottom line. Let’s take a look at the top five types of denials in healthcare starting with eligibility-related denials.
Stopping denials from happening altogether, on the front end of your revenue cycle, is a much better strategy than managing denials on the back end. Recent research shows hospital claim denial rates are nearing the “danger zone,” with average denial rates increasing over the past few years to between 6% and 13%. This blog post addresses the latest industry insights about these types of healthcare denials plus offers denial prevention strategies.