MedCity News March 4, 2024
Here are six actionable steps healthcare organizations can take to reduce their likelihood of denials and write-offs.
Healthcare providers across the country are experiencing a massive surge in denials and write-offs. This undercurrent of denials has been primarily driven by factors such as changing patient demographics, evolving payer standards, and increased compliance risk.
These denials and write-offs seriously impact the organization’s financial stability and can ultimately influence patient care. Healthcare providers may feel like there’s nothing they can do, but there are proactive steps they can take right now to change the trajectory of the organization for the better.
Root causes of increased denials
The healthcare industry operates within a complex regulatory framework. As compliance risk continues to grow, providers...