In order to survive, practices must transform the way they deliver care to sustain in the transition from volume to value-based compensation. Change is usually difficult, and most physicians hate change, but it’s a necessity today.
Monthly Archives: June 2018
The average cost to rework a denied claim can run up to $15 per claim that add up daily and add up fast. For many practices, there just isn’t enough time or resources to rework every denial, which can leave a lot of money on the table. An estimated $262 billion, or 9 percent, of the estimated $3 trillion in claims submitted by hospitals last year were initially denied.