Preventing Revenue Leakage in Your Practice

1. Preventing Revenue Leakage in Your Practice Medical Billers and Coders

2. Revenue leakage is nothing but the lost opportunity to collect money earned from your practice. The reason for revenue leakage can be rejected claims, unbilled claims, unbilled procedures, credentialing-related denials, underpayments, and outstanding patient balances. For any healthcare practice, medical billing and revenue leakages could result in significant loss because of long payment cycles. There are notable loopholes in the overall medical billing process that should be monitored to ensure a steady cash flow, which will provide financial stability to your practice. In this article, we’ll outline the major issues of revenue leakage and outline our solutions to them in order to improve your practice collections.

3. We’ll outline the major issues of revenue leakage and outline our solutions to them in order to improve your practice collections. 1 Rejected Claims 2. Unbilled Claims 3. Denied Claims 4. Unbilled Procedures 5. Credentialing related Denials 6. Underpayments 7. Outstanding Patient Balances

4. Email : info@medicalbillersandcoders.com Fax no: 888-316-4566 Toll Free no: 888-357-3226 AddressWilmington, 108 West, 13th street, Wilmington, DE 19801Texas, 539 W. Commerce St #1482 Dallas, TX 75208