Medical Economics August 14, 2023
Common mistakes can creep into various steps in the insurance billing process. Correct them and you’ll improve the financial health of your practice.
Whether you’re a primary care physician, a specialist, or an integrative provider, navigating insurance billing is often not only an administrative hassle, but if not done well, it can also be an impediment to growing your revenue and practice. In fact, data shows that almost 15+% of claims are denied, resulting in millions of dollars in lost revenue for providers. This trend in denied claims is also increasing in the last few years, with denial rates increasing by almost 17% since 2019. Thus, it is important to take control of your billing process. Here at Soundry Health,...
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