How Can Healthcare Providers Decrease the Number of Denials? Best Denial Prevention Strategies
Overview As revenue cycle leaders face increasingly complex financial complexities, preventing healthcare claim denials has become a top priority. The State of Claims 2022 report by Experian Health reveals that 30% of respondents experience claim denials 10-15% of the time, while 42% have seen the rate of denials increase year over year. These often-avoidable denials result […]
Read MoreRoad Map to Winning Medical Necessity Denials Appeal
Overview Ever received a denial from your health insurance company, leaving you confused and frustrated about medical treatment coverage? This can be especially concerning when the denial is based on medical necessity. Rest assured, you are not alone navigating health insurance policies can be a frustrating and often confusing experience for healthcare providers, especially when […]
Read MoreTransforming Healthcare Revenue Cycle Management with Generative AI – Tackling Claim Denials
Overview The healthcare industry specifically claim denials management is undergoing a digital revolution but what’s the weapon of choice behind this transformation? Artificial intelligence, specifically a powerful kind called Generative AI. This isn’t your average AI assistant; it can create entirely new data, and it’s becoming a game-changer in Revenue Cycle Management (RCM). So, while […]
Read MoreThe Ultimate Guide to Denial Management in Healthcare: How to Keep Your Revenue Cycle Healthy?
Overview Denial management in healthcare is critical to providers’ revenue cycle since it can significantly impact their finances. To minimize adverse financial effects and maintain a steady cash flow, providers must implement a clear strategy that combines proactive prevention with prompt resolution of existing denials. Revenue cycle management plays a vital role in ensuring the […]
Read More