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Insurance Denials: 5 Ways to Spot and Avoid Them

Claim Denials, Uncategorized
  • 13 Sep
  • Med-Strategies
  • 0 Comments
Insurance denials are a great cause of frustration for medical providers. The numbers paint a grim picture: reports have shown that the denial rates for some organizations are as high as 20%. In other words, one in every five medical claims has to be investigated and reworked. Here’s the truth: reducing denials to zero is Read More

Is It Time to Automate Your Claim Denials Management System?

Automation, Claim Denials
  • 13 Sep
  • Med-Strategies
  • 0 Comments
Value-based care is slowly emerging as the new alternative to healthcare payments as opposed to fee-for-service reimbursements. With a focus on quality versus quantity, this type of reimbursement aims to refresh the healthcare system by reducing costs both for providers as well as for patients. Fee-for-service models tend to lead to fluctuating costs. That usually Read More

5 Tips to Prevent Claims Denials

Claim Denials, Uncategorized
  • 13 Sep
  • Med-Strategies
  • 0 Comments
Filing claims is a crucial responsibility that affects healthcare organizations in today’s climate. Many hours of employee effort and company money is lost due to denied claims. While there are many reasons for denied claims, errors in medical coding has the largest impact of them all. Read More

4 Steps to Reduce Claim Denials and Boost Your Revenue

Claim Denials, Low Balance Claims
  • 13 Sep
  • Med-Strategies
  • 0 Comments
Let’s be honest for a second. Although a noble thought, aspiring to reduce claim denials to zero is probably impossible. The way the healthcare system works makes it prone to errors. As a result, almost any hospital and medical practice will be dealing with denials at some point, regardless of how much care and attention Read More

Streamline Your Claims Denial Process With Automation

Automation, Small Claims
  • 13 Sep
  • Med-Strategies
  • 0 Comments
In the medical industry, there are numerous expenses that practices must pay as part of the territory, but none of them hit medical practices harder than claim denials. Most practices have to go about the claims denial process manually, which leads to giant administrative expenses and lost payments. The reason for this is that denied Read More

How Denial Claims Management Effects Profitability

Claim Denials
  • 13 Sep
  • Med-Strategies
  • 0 Comments
Claim denials are one of the most common expenses that healthcare organizations face on a frequent basis. While they are impossible to eradicate, most organizations are dealing with a large number of claim denials which takes an unnecessary amount of time and energy. Read More