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https://www.bristolhcs.com/denials.php
Denial management services are a critical component of maintaining a healthy revenue cycle. When not managed effectively, denied claims can lead to significant revenue loss and increased operational costs for healthcare practices. Two key financial consequences stem from denials: the loss of revenue due to missing or incorrect prior authorization, and the high cost of reworking denied claims through the appeals process.
Studies show that reworking a single denied claim can cost between $30 and $100 or more. For a practice facing just 40 denied claims per month, this can add up to at least $14, 400 annually—excluding the initial cost of medical billing services and claim submission.
At Bristol Healthcare, we offer robust denial management services and claim rejection management to help your practice recover lost revenue efficiently. Our experts identify root causes, implement proactive strategies to reduce future denials, and manage appeals with speed and accuracy.
Integrated with our end-to-end accounts receivables management, our denial solutions improve claim success rates, reduce administrative burdens, and keep your cash flow on track.
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