RevCycleIntelligence.com is hosting a comprehensive white paper entitled “Don’t be Derailed by Denials – 7 Strategies to Slash Your Denial Rate” that deserves our attention (it’s a free download).
Denial management in healthcare continues to be a challenge—in part because the traditional way of working denials is time-consuming, costly, and prone to error. Denials eat up as much as 3-5% of provider revenue, and according to some projections denial rates trend as high as 20%.
Knowing how to find the trends that affect your environment can sometimes be challenging. That’s where analytics come into play. Business Intelligence systems today can identify precisely where the aggregation points are from denied claims in both EDI and EOB denial sources.
Using analytics can provide the foundation to identifying the trends which can be targeted to “slash” denials.