With a 23% increase in claim denials in 2020 compared to just four years ago, medical claim denials can drive delayed payments and increase costly write-offs. An efficient denial management strategy is key to maintaining the financial growth of a healthcare organization.
Every medical claim that is denied or needs to be corrected is a missed opportunity to receive reimbursement for services rendered. Healthcare Data Source Management, Inc can evaluate the financial health of your organization by conducting an accounts receivable (AR) review and assist in prioritizing areas that optimize collections and decrease revenue leaks,