According to University Health Consortium (UHC), rejected claims are the number one challenge facing the business offices of physician practices today. Every 1% of claim denials can cost an organization $7,000 to $20,000 per physician in annual net revenue.
The use of denial metrics support proactive management and can significantly improve your practice’s profitability making effective denial management the key to revenue enhancement and efficient processes.
This new PDF presentation from Health Directions examines current trends in Denial Management and provides reporting tools to allow physicians and practice managers to manage the process and prepare for the future: ICD-10, value-based contracting, reimbursement analysis, etc.
Key topics include:
- The shift in revenue cycle activity
- Top denial reasons
- Where do you begin to manage denials?
- Denial key performance indicators
- Collected vs. Collectable metrics
- Case study of a 90+ provider, multi-specialty group practice
Also included are tools for you to use to begin improving your denial rate, including: