How to Avoid Claim Denials in your Practice

2. How to Avoid Claim Denials in your Practice? If you do not want to be part of this number, prevention is the key to keep your medical billing and coding better to avoid claim denials in practice. Unless you prevent it from the beginning, it will seriously impact your practice. Undoubtedly, the average denial rate was 11.1% in the third quarter of 2020 which was further increased to 23% with increasing burden of low reimbursement Obviously, payers would love to delay or reject the payment, and they will do it when you give them an excuse. So, while you lose your revenue, it will eventually hinder your productivity and time lost in claim investigation and resubmission. But don’t worry because 90% of the denials are preventable with best practices and one can work proactively to prevent such rejections. While putting the proactive process into action can be challenging, simple operational changes can help you save money and time. Here are six proactive ways to avoid claim denials in practice. https://www.247medicalbillingservices.com/

3. Here are six proactive ways to avoid claim denials in practice. • 1. Educating and Communicating with the Staff • 2. Ensure Insurance Verification before Service • 3. Knowing Your Payers • 4. Proper Documentation • 5. Leveraging Technology • 6. Learning from the Mistakes https://www.247medicalbillingservices.com/

4. How to Ensure Cost-Effective & Efficient Denial Management? • Training your staff regularly and updating the technology and software can be time-consuming and costly. Moreover, with the ever-changing rules and regulations in the healthcare system, keeping up-to-date can be another roadblock. In all such scenarios, one of the best and most effective ways to ensure the full proof revenue management cycle is outsourcing medical billing services to an expert company like 24/7 Medical Billing Services. • This outsourcing partner have a dedicated team that handles the claims, processes the denials, and follows up on them until it is paid. In fact, the experts of this outsourced team ensure that your practice becomes profitable and sustainable by identifying the root causes for denials, boosting the revenue cycle team, and reducing the backlog while following the industry’s best practices. https://www.247medicalbillingservices.com/

5. About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 42 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice. Media Contact: 24/7 Medical Billing Services, Ohio: 28405 Osborn Road, Cleveland, OH 44140 Georgia: 3001 Greenfield Drive, Marietta GA 30068 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com https://www.247medicalbillingservices.com/