The State of Claims and Denials in 2023

 How do you resolve a repeated and shooting up problem like claims denials?

It’s been a fresher subject for revenue cycle management professionals for years that are only experiencing hotter with the growing pressures of staffing shortages, troubles with staff movement and instructing and developing policies and protocols at the government and payer levels.

On the macro-economic classification, denials play a part mightily to the expanding problem of unpaid care in America, presently calculated at $43 billion a year, and a latest survey of provider organizations established the rate of claims denials growing year-over-year at a 10%-15% clip as a consequence of space created along each step of the patient’s financial journey – from scheduling to access and registration to coding, billing and collections.

What’s operating denials? According to those same survey dialogists, the best 5 drivers are authorizations (48%), provider eligibility (42%), code inaccuracies (42%), incorrect modifiers (37%), and failure to meet submission deadlines (35%).

https://www.allzonems.com/the-state-of-claims-and-denials-in-2023/

About Allzone Management Services Inc.

Allzone management is one of the top leading Medical billing companies that provide medical billing, Medical coding, denial management services, and revenue cycle management services to clients nationwide.  We offer first-class medical billing solutions to our clients within your affordable budget by which they can increase your revenues and benefits. Our end-to-end medical billing services provide maximum reimbursement for our clients while reducing overall costs. With more than 17+ years of delivering exceptional Services, this outsourced revenue cycle management company will boost your revenue. HIPAA compliant, We provide top-notch security to our clients.

At Allzone, we see ourselves as more than just a premier provider of medical billing, medical coding and revenue cycle management services. Above all else, we strive to be a true partner in your organization's success in every sense of the term. Not only can the types of services that we provide allow your employees to work "smarter, not harder" and improve your bottom line, but they also generate the most important benefit of all: improved outcomes for your own clients and patients across the board.

If you'd like to find out more information about the continued evolution of revenue cycle outsourcing, or if you have any additional questions about partnering with a third-party provider that you'd like to see answered, don't delay — Contact Allzone today.