Denial Prevention: The Key to a Successful Revenue Cycle
Physician practice expenses have been steadily rising while staffing levels decline, necessitating practices to accomplish more with fewer resources. This trend is expected to persist, prompting practices to exercise vigilance in minimizing unnecessary revenue loss, starting with addressing denied claims. Currently, most practices reactively handle denials after they occur, diverting efforts to recover revenue at the back end instead of proactively averting denial-related revenue loss. In this white paper, learn how effectively preventing revenue loss from denials lies in implementing a comprehensive three-pronged approach: bolstering front-end processes, establishing a proficient denial prevention team, and automating back-end procedures.