A Look On Denial Management Services

1
A Look On Denial Management Services
According to a survey by AAFP (American Academy
of Family Physicians), denials are a frequent
occurrence accounting for between 5-10 of
hospital claims. Denial Management Services
Industry experts believe that in order to improve
revenue flow, it is very important for providers
to keep this number close to 5. And in order to
achieve this, they need to have a robust denial
management process in place.
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2
A Look On Denial Management Services
Why denials continue to be a challenge? You will
be surprised to know that there are quite a few
number of providers who still use the
manual denial management process. This not only
creates room for errors but also slows down
productivity. According to a survey by HIMSS
Analytics, at least 31 of providers still use
the manual denial management procedure. As per an
article in RevCycle Intelligence, most providers
or hospitals dont have an effective denial
management process in place, be it manual or
electronic. According to a blog post on Medical
Group Management Association, only one out of
three providers (35) appeal denied claims.
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1 888-502-0537
3
A Look On Denial Management Services

• Why do you need denial management services?
• Every healthcare organisation needs to work on
  three fundamentals for denial management-
  prevention, analysis, tracking and trend
  management. It is important to understand why
  claims get denied, to streamline the denial
  management process, to track the progress and
  outsource the process, if needed.
• With the right denial management services in
  place, it becomes easier to identify the most
  common reasons and trends for denials. Once the
  causes are identified, cash flow can be easily
  maximised.
• Denial management experts implement the right
  technology that helps in handling denials
  effectively. They also use the best technology to
  determine whether or not a claim should be
  appealed.

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1 888-502-0537
4
A Look On Denial Management Services

• Conclusion
• Electronic claims denial management is the need
  of the hour because keeping up with the changes
  in diagnostics codes and insurance policies can
  be extremely exhausting for billers and coders.
  With the right software, codes and requirements
  are automatically updated.  This saves research
  time which can be then used by the billers to
  double check claims and ensure that all
  requirements are being met. Error-free claims
  will lead to zero denials.

https//www.247medicalbillingservices.com
1 888-502-0537
5
A Look On Denial Management Services
About 24/7 Medical Billing Services 24/7
Medical Billing Services is the nations leading
medical billing service provider catering
services to more than 43 specialties across the
entire 50 states. You can rely on us for
end-to-end revenue cycle management. We guarantee
up to 10-20 increase in the revenue with cost
reduction of your practice for up to
50.  Media Contact Hari Sudan,  24/7 Medical
Billing Services, 16192 Coastal Hwy, Lewes, DE
19958 Tel [phone] Email -
info_at_247medicalbillingservices.com
https//www.247medicalbillingservices.com
1 888-502-0537