5 Tips to Prevent Medical Claim Denials
According to Medical Group Management Association (MGMA), even the best-performing medical practices have 4 percent of their claims denied. MGMA estimates that up to 65 percent of denied claims are never re-submitted, and it costs approximately $25 to re-submit a denied claim. Furthermore, if you don’t research the denied claim and correct and re-submit the claim within the time frame required by each individual payer (which many times is as short as 90 days) you may not get paid. Taking these five steps to prevent and manage claim denials can significantly increase your practice’s revenue.
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