Becker's Healthcare January 30, 2024
Healthcare providers are experiencing a massive surge in denials and write-offs that seriously impact the organization’s financial stability. But there are steps your organization can take now to reduce their likelihood in 2024.
With a proactive and comprehensive approach, the following strategies serve as a foundation for navigating the complexities of the contemporary healthcare environment to minimize denials and optimize revenue.
- Enhanced Registration and Pre-Authorization Process
Preventing denials begins with a detailed registration process to ensure all necessary documentation and approvals are in place before a patient receives services. This includes verifying insurance coverage, obtaining pre-authorizations for procedures, and confirming that the patient’s information is accurate. Organizations can identify potential issues early in the process, such as coverage...