Three Simple Ways to Leverage Technology to Reduce Denied Claims and Improve Practice Efficiencies

Most physician practices would agree that denied claims are a drain on resources and have a negative impact on cash flow and revenue. What practices may not realize is just how significant that impact can be. Nearly 90% of denied claims are avoidable and 50% to 65% are never reworked, which leaves a lot of money left on the table—money that could be used to bring on new staff, replace outdated technology, or make improvements to the office.1,2, When you factor in the cost to rework a denial—$25 not including time and overhead—the impact is even greater.3 While the causes

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