medical billing

  A comprehensive denial management approach is critical for increasing revenue cycle efficiency. Healthcare firms are implementing aggressive leaps such as lowering operating expenses and claim automation. Claim denials continue to be one of the most persistent and costly issues confronting healthcare systems. According to a  study  published last year by the Healthcare Financial Management Association, $262 billion in total claims submitted by healthcare organizations were refused, equating to over $5 million in denials per provider on average.