In today’s healthcare landscape, patient financial anxiety has become a pressing issue. The rising costs of medical procedures and treatments often leave patients worried about their ability to afford necessary care.
Medical billing denial is the biggest stumbling stone in the healthcare revenue cycle. As per Etactics, “In 2021, there were 48.3 million denied claims, accounting for 16.6% of all claims submitted that year.” There can be multiple reasons behind rising claim denials in a practice.
Do you find it difficult to track patient visits, code diagnosis, and treatment, and submit clean claims timely? Is it taking too long for the insurance company to reimburse the amount for the services rendered to the patients by your practice?