HealthLeaders Media July 2, 2024
How should CFOs strategize when it comes to payer denials?
The increase in payer denials brought a lot of heat at HFMA this year. From CFOs, to RCM to VPs of payer strategy, everyone had a tip or a strategy for dealing with payers.
The numbers don’t lie, studies show that prior authorization and denials saw a 67% increase in 2022. Another study cited that denials were up again to 11.99% in the first three quarters of 2023.
What can health systems do to work towards a better denial rate and a better relationship with their payers?
Top tips from the executives:
Set the tone: Ensure to set the tone of negotiations and meetings from the...
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