3 denial management steps every anesthesia practice should follow

Anesthesia practices with the right denial management techniques in place can improve their denial rate and increase revenue, according to Imagine Software.

Three key denial management strategies:

1. Calculate your denial rate. The denial rate is the total number of claims denied divided by the total number of claims submitted.

2. Track your denial rate against national rates. The national median rate is 3 percent. Low performers are at 10 percent, and top performers are at 1 percent or less.

3. Pinpoint the top denial drivers. Prioritizing denials by Claims Adjustment Reason Code, and then by revenue cycle category, can help identify processes that cause the most revenue loss.

Click here to access Imagine Software's whitepaper for more best practices.

More articles on anesthesia:
New owner lists disbanded anesthesia group's building on Airbnb — 5 must-know details
Bag containing 3K+ patients' data stolen from Anesthesia Associates of Kansas City employee's car: 6 things to know
Fired Mount Carmel anesthesiologist allegedly bypassed warnings & approvals in 24 cases — 5 details

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months