6 steps to master denied claim management, boost your practice revenue
Learn how to reduce claim denials, streamline appeals, and protect your revenue with these proven denial management strategies tailored for medical practice administrators.
Medical practices face significant financial and administrative strains when claims are denied. A structured approach—one that includes timely reviews, clear documentation and an organized appeal process—can help practice managers reduce rejections and keep revenue flowing. Here’s a step-by-step guide to help you tackle claim denials and strengthen your denial management strategy.
Denied claims are a complex but manageable part of running a medical practice. By identifying the root cause of each denial, correcting errors promptly, following up with clear appeal processes and continually refining billing systems, practice managers can significantly cut down on financial losses. In the long run, these strategies not only enhance the bottom line but also promote smoother workflows and stronger payer relationships.
Why getting claims right the first time is cheaper than reworking them
September 9th 2019Medical practices continue to be squeezed by increasing costs and decreasing reimbursement, emphasizing the need for better clinical coding and editing technology that can improve claims even before they’re submitted.
