Be the first to like this
Denied claims can be quite exasperating for billers as well as providers. Not only valuable time gets consumed in claim re-submission but it also costs money to manage an average denial. This means, a significant amount for rendered services is already lost even if the billing department manages to collect payment through re-submission.
If your denial rate is more than 5%, it means you are not paying attention to your revenue cycle. It can result in major erosion of revenues, forcing you to close down or merge your practice with a hospital.
See Continue : http://www.medicalbillersandcoders.com/pressrelease_articles.aspx?ArticleId=605