© 2019 Waystar Health. All rights reserved. 7 strategies to improve cash flow Part two: expediting denial resolution SEE YOUR REV CYCLE DIFFERENTLY1 Galewitz, Phil. Kaiser Health News. www.usatoday.com, September 2011. 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 to 5% of provider revenue, and according to some projections denial rates trend as high as 20%. 1 In healthcare today, the goal isn’t just making denial management more efficient through the right technology and operational changes. To avoid costly backlogs and lost revenue, providers need to reduce their overall denial rate and zero in on what’s really driving it and where th

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