According to FinThrive’s 2023 RCM Transformative Trends Report, finance leaders consider denials and underpayments two top challenges they need to address.
The bad news? Denial rates have risen by 10-15 percent over the last few years. The good news? Eighty-six percent of denied claims are potentially avoidable. 1
Our newest guide, “Rising Denials and Underpayments: Reversing the Trend to Improve Revenue,” shares four key steps to help you:
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Optimize A/R recovery and denial prevention workflows
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Identify organizational inefficiencies
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Incorporate automation into a denials process
Source
1 https://www.ache.org/-/media/ache/about-ache/corporate-partners/the_change_healthcare_2020-revenue_cycle_denials_index.pdf
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