Physicians Practice November 9, 2023
Inefficient billing processes can result in frequent delays in claim submission, issue resolution and revenue capture.
For the vast majority of practices, inefficient billing processes can result in frequent delays in claim submission, issue resolution and revenue capture. In today’s competitive market, it is vital that medical practices and physicians are prepared to increase their net collections and capture every dollar they can out of insurance claim submissions.
To achieve maximum financial performance, practices need to immediately focus attention on reducing the administrative burden and substantial revenue impact of claim denials.
Claim denials occur when an insurer refuses to pay for a provided healthcare insurance, after a claim has been submitted. Unfortunately, the industry is experiencing a rise in claim...
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