Back in October, I looked into denial reports for a clinic in Paramus, NJ. Two clinicians, good patient flow, and experienced biller with five years of experience. What’s their denial rate? 22 percent! One in five claims was being denied. The owner didn’t have any clue about it since they
In the busy billing office of any physical therapy practice, mistakes are bound to happen. With so many details to manage, it’s nearly impossible to stay completely error-free.
Many practices focus on claim submissions but underestimate what happens next—the follow-up. In reality, the follow-up process often determines how quickly (and fully) a medical practice gets paid. Without consistent tracking, claims can linger unpaid for months, creating unnecessary financial strain. To manage accounts receivable aging effectively, practices need a
Creating a system to maximize efficiency in handling denied claims is a must especially when we deal with active healthcare claims processing. A structured medical claim management approach helps practices reduce revenue loss and improve overall reimbursement performance.
Nobody wants denied claims. It adds up more of your time and resources to sort everything out and most importantly, slows down your cash flow. One or two erroneous claims maybe few for now but these may add up pretty quickly — and before you know it, a large issue
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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