| Medical Billing Insights |
"Simple Solutions to Your Reimbursement Problems"
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| Wednesday March 12, 2014 |
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| How much do denied, rejected or underpaid claims cost your practice? |
To save the money, healthcare insurers bring on a set of complicated rules and edits under which they can openly deny or reject claims for the slightest pretence.
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| Industry Facts State: |
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- Denied, rejected, resubmitted and underpaid claims can cost your practice as much as $100,000 per month according to the AMA
- Your practice can lose more than $75,000 per year in denied claims that are never resubmitted, based on multiple studies confirming that many practices do not resubmit up to 50% of their denied claims
- Underpayment of approved claims has historically been as much as 35% lower than the contract amount
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Steps to Reduce Denied, Rejected, or Underpaid Claims
- Use Electronic Claims
- Analyze Your Cashflow
- Appeal Old Denials and Underpayments
- Update Billing Systems
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| Integrated health information networks can help healthcare providers and payers increase efficiency and cut costs.
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Increase your overall revenue with MBC's complete billing solution!
Track and report your claim denials that requires...
Identify the root cause of most frequent denial reasons like...
Provide customized denial report...
Focus on most frequent reason for denials...
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| Get The Best Solutions In RCM Consultancy |
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888 357 3226 |
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| MBC’s billing services uses all the necessary resources and updated processes to reduce denied, rejected, or underpaid claims with the help of the following tools |
| Charge entry analysis |
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Tracking payer denials |
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Tracking claim status and resubmissions |
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In depth analysis |
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| Get your practice staff ready for the Patient influx in 2014! |
The Affordable Care Act, which was officially implemented on January 1, 2014, provides premium discount to the Medicaid patients. Thanks to the ACA, physicians can now expect to see greater patient influx over the next few years.
As per an independent healthcare survey, the community clinics serving low income population anticipates 12-15% rise in the number of patients who will seek care in 2014. Moreover, hospitals also expect to see substantial rise in patient influx owing to the implementation of ACA. The hospitals expect to see around 400 additional patients per month
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| Efficient practice management equals to higher revenues! |
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