Not one medical practice is immune to claim denials. In general, well-performing practices experience denial rates below 5%, while others see claims denied 10, 20 to an extreme 30 percent of the time. Denial management in healthcare is a key to improving billing and overall financial performance of a practice. One way to evaluate practice performance and denial rates is identifying the main reasons behind these denials. Starting with the why of claim denials will bring you to the appropriate solutions for reducing them while increasing your propensity to get paid correctly and during the first submission of a claim. Here are the ways to improve denial management in healthcare:
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