Revenue Cycle Management

Revenue Cycle Leaders Spend the Most Time on Denials Management

Among the myriad responsibilities that fall under their purview, one stands out as both a challenge and an opportunity – denials management. It’s a fact that revenue cycle leaders spend a substantial amount of their time addressing and preventing claim denials. This relentless dedication is driven by the fundamental recognition that the revenue cycle is the lifeblood of any healthcare institution.

Revenue Cycle Management

9 Claim Denial Reasons Healthcare Organizations Must Monitor Now 

Claim denial is one of the most complex issues faced by healthcare organizations. Checking and re-submitting claims is taxing and time-consuming. Besides wasting the doctor’s and coding and billing staff’s time, it can be frustrating for the patient as well. “About 48.3 million rejected claims accounted for 16.6% of the total in-network claims submitted in 2021,” spilled out one research.