4 strategies to outsmart denials and boost staff efficiency

HealthLeaders Media November 14, 2023
Waystar

Denials in healthcare are an ever-present, and ever-increasing, problem.

In 2022, denials made up more than 11% of claims.¹ And, if left unchecked, they can severely impact an organization’s financial health — and future.

Between outdated technology and manual workflows, following up on denied claims is a drain on staff, time, and money. In fact, unresolved denials can create an average loss of up to 5% of net patient revenue.² On top of that, denials are a constantly moving target due to new payer rules, patients switching medical plans, and other factors outside your control.

So, how do you ensure your organization is proactively preventing and managing denials? Start with four steps.

1. Know the most common causes of...

Today's Sponsors

Today's Sponsor