If you’ve ever had a claim denied because of a simple coding mix-up between a new and established patient, you’re not alone. It’s something every healthcare provider must know to avoid revenue loss. It happens in practices across the country every single day. And in physical therapy, where reimbursement margins
The CO-21 denial code is a really tough and expensive claim issue for medical practices. It is different from denials cases where the denial reasons are medical necessity or coding complexity because CO-21 denials generally come from administrative failures such as a missing, invalid, or mismatched prior authorization. In such
Whether it’s a freestanding surgery center, a regular care hospital, or a medical office practice, there are some medical billing issues that can impact your revenue and how customers perceive your business. Knowing about these issues and how to solve them can be a great way to ensure you face
It’s a fact that a large part of a practice’s revenue comes from successfully processed claims. And it’s also a fact that even one small error in the processing of these claims can mean immediate rejection or denial, and the loss of revenue.
These facts are the reason why it is absolutely critical that claims be filed free of errors. In an office that handles numerous claims daily however, it can be difficult to keep track of every single detail in each claim. Knowing the most common errors committed when filing a claim can remedy this. By taking note of the most common errors or having a checklist of these nearby when filing, you can make sure to avoid most, if not all rejections or denials.
It’s a fact that a large part of a practice’s revenue comes from successfully processed claims. And it’s also a fact that even one small error in the processing of these claims can mean immediate rejection or denial, and the loss of revenue.
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