Medical billing denial management is always a difficult task. When you find the right solution, it may appear that you have a more efficient revenue generation process. Nonetheless, many people fail to optimize their denial management in medical billing for a variety of reasons. There is no specific proof that every medical billing process was…
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It has been correctly stated that what you do not measure cannot be managed. This is especially true when it comes to medical billing denials. You cannot manage this critical aspect of medical billing without a strong Revenue Cycle Denial Management system in place. If you do not manage your denials, you are likely leaving…
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Why optimizing the RCM cycle is essential and 5 strategies to do it right. Revenue Cycle Management is the master technology that enables smooth operation of the medical process. It is indeed a boon to the healthcare industry since it efficiently handles all the money flow and data management. But an optimized revenue cycle not…
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Managing the revenue cycle demands a considerable amount of time and resources and after all the effort to minimize denials, five to ten percent of claims continue to be rejected by the payer. Each coast claims $25 to rework and that adversely affects the revenue cycle. In many cases, denials are never reworked due to a lack of time and knowledge on how to resolve the claim. It minimizes the revenue as well as lower down the productivity of staff.
