Five strategies:
1. Don’t wait. Address denied claims within a week of receiving notice.
2. Take time to investigate. Contact the payer and determine why the claim was denied, as well as how it can be fixed.
3. Track past claims. ASCs can improve their processes by analyzing reasons for past denials.
4. Note patterns. Errors such as misspelled names and missing information are common.
5. Take steps to prevent denials. Avoiding denied claims altogether can help ASCs reduce time spent in accounts receivable.
More articles on coding, billing and collections:
Group Insurance Commission lowers copays to drive patients to ASCs: 3 details
3 ways to ensure coding & billing accuracy at your ASC
5 key ASC price transparency do’s and don’ts to know
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.