Billing Excellence: 8 Proven Strategies to Maximize Revenue and Minimize Denials
Effective medical billing is no longer just an administrative task — it’s a core business strategy that determines the financial stability of your practice. According to MGMA, the average cost to rework a denied claim is $25–$118 per claim, and nearly 65% of denied claims are never resubmitted. This means that without a streamlined billing process, practices leave significant revenue uncollected.
Mastering the Art of Clean Claims: Your Blueprint for Revenue Cycle Success
In today's healthcare environment, denials are climbing at an alarming rate. According to recent studies, providers saw a 60% increase in claim denials in 2024 compared to the previous year. For RCM leaders, this underscores the urgent need to improve first-pass clean claim rates — one of the most important indicators of a healthy revenue cycle..webp)
Mastering CDI Queries: A Comprehensive Guide to Compliance, Denial Prevention, and Revenue Integrity
This guide provides actionable strategies for mastering CDI queries, covering best practices, common pitfalls, and industry guidance..png)
Mastering CARCs - Key Strategies for Effective Problem Solving
This enhanced guide ensures that providers not only understand the causes of denials but are also equipped with actionable steps to address and prevent them effectively.
Medical Claims Denials On the Rise, A Recent Survey Reveals
As healthcare providers continue to navigate the complexities of modern claims management, the latest data from a 2024 report paints a concerning picture: denial rates are rising, complicating revenue collection and creating a cascade of operational challenges.