BC Advantage - 2017 Issue 1

Revenue Cycle 101: Reduce your Denials with These Tips

Your practice seems to be doing everything right. You have a team in place, established your RCM process and you’re submitting claim after claim – but your denial rate isn’t going down. According to the American Academy of Family Physicians (AAFP), the average denial rate is between 5-10 percent. The result is the delay or cancellation of new practice initiatives that can aid in growth and improvement in patient care.Here are four tips to help your practice reduce claim denials and maximize your reimbursements. 1. Investigate the root-cause Correcting and re-submitting denied claims can be a...

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