HealthLeaders Media January 26, 2023
Prior authorizations are a critical part of the revenue cycle as they impact both reimbursement and patient access to care, and automation may help simplify the process.
KEY TAKEAWAYS
– To help alleviate prior authorization denials many revenue cycle leaders have turned to automation, and they are seeing positive outcomes.
– 78% of respondents in a recent study said they saw an improved financial performance after implementing automation for prior authorizations.
– Automation is not without its hardships. As with most things in revenue cycle, leaders must always weigh both the benefits and the risks in implementing automation.
Many prior authorization denials occur due to insufficient documentation and an inability to match information that is spread across different systems. By...
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