Revenue cycle management (RCM) is the lifeblood of any healthcare organization. However, even with the most diligent efforts, denials are an inevitable part of the process. These denials, if not addressed efficiently, can significantly impact your cash flow and overall financial health. That’s where streamlining your medical denials process becomes crucial. In this blog, we’ll […]
The Prime Minister’s recent voluntary national survey shed light on the Denied claims. The survey, conducted between October and December 2023, found that nearly 15% of all Medicare Advantage, Medicaid, Commercial and Managed Medicaid claims were denied. Between 45% and 60% of rejected cases were overturned, although the expensive appeals process sometimes meant multiple appeals. […]
Denials within the realm of healthcare persist as a perpetual and escalating issue. By 2022, denials constituted over 11% of claims, posing a significant threat if left unaddressed, as they can severely compromise an institution’s financial well-being and prospects. The combination of outdated technology and manual processes exacerbates the burden on staff, time, and finances […]