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.
3 key takeaways from attending the LIVE Webinar on Optimizing the Chronic Care Management Opportunity on May 17, 2018
Identify what a CCM program is, does, and how it supports population health and quality programs while providing a strong ROI as a potential revenue generator.
Centro Healthcare will be hosting a live webinar titled “Optimizing the CCM Opportunity” on May 17, 2018, at 3:00 pm EST. This 30-minute webinar will explain the ins and outs of Chronic Care Management billing & how CCM codes can be of benefit to both patients and physicians.
With every passing month, practices are missing out on the revenue potential of providing CCM. Implementing CCM is a necessary step towards achieving success with MACRA. This means there is a possibility that practices that do not implement CCM could be at a disadvantage as the industry continues its shift away from fee-for-service moving rapidly towards value-based care.
The client was struggling with their day to day billing due to high staff turnover. They had part-time help in order to keep up with their billing daily operations and hired a new medical biller as well. Their A/R was not being followed up on due to the lack of sufficient medical billing staff. It was all the practice could do just to get claims out in a somewhat timely fashion.