HIT Consultant September 30, 2024
What You Should Know:
– A new Experian Health study reveals a concerning trend in the healthcare industry: claim denials are on the rise, and healthcare providers are increasingly hesitant to embrace technology solutions that could alleviate this burden.
– The Experian Health 2024 State of Claims survey paints a stark picture of the challenges providers face in managing their revenue cycles.
The Growing Claim Denial Crisis
Compared to a similar study conducted in 2022, the 2024 survey shows a significant increase in claim denials, with nearly 3 out of 4 providers reporting a rise in denied claims. This alarming 31% uptick is accompanied by a decrease in confidence in automation and artificial intelligence (AI) solutions, dropping by...
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