Leading Medical Billing Company Keeps Accounts Receivable in Check; Shifts Focus to Denial Prevention
Leading Medical Billing Company Keeps Accounts Receivable in Check; Shifts Focus to Denial Prevention
2 PagesSITUATION Shifting the focus to denial prevention from denial management is the mantra for the success of the hospital revenue cycle. Statistics say that it takes approximately $25 to work each denied claim. Trend analytics to identify top claim denials and focus on eliminating the root cause seems like a logical solution to the problem. Still, it takes a lot of discipline to do this iteratively. Even long-standing accounts receivable and denial management programs go through slippages from time to time. At Access Healthcare, we think of the revenue cycle as a team sport.
