Increasing revenue by managing denials in a rough economy
Abstract: Hard economic times are causing medical practices to increasingly write off accounts because of bad debt. Thus, cash flow is more important than ever for providers. One of the biggest factors in improving cash flow is reducing the frequency and occurrence of denials and ensuring clean claims on the first submission. To effectively manage denials, physicians must identify the type of denial, educate staff, know how to edit claims and prepare appeals, and monitor progress.