BC Advantage - 2024 Issue 12

Trends in Denial Management: Strategies to Reduce Revenue Loss

Denials slow down healthcare revenue cycles and increase operational costs; having the right strategies in place can protect cash flow and productivity.   As hospitals and health systems focus on delivering quality care, they require efficient revenue cycle management (RCM) to thrive and grow. The expansion of medical insurance has significantly enhanced access to care for a large section of the population. However, the process of claiming reimbursement for the services provided by healthcare organizations or medical practices can be tedious and challenging. Frequent claim denials make the process even more complex. When insurers refuse to pay for a...

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