Denial Management
5/16/20241 min read
RCM denial management is a critical process aimed at reducing claim denials and ensuring timely reimbursement for services rendered. Denials occur when claims submitted to insurance are processed and left unpaid for various reasons such as incomplete information, coding errors, lack of medical necessity, or failure to meet payer-specific requirements.
Effective denial management involves several keys steps:
Identifying Denials
Root Cause Analysis
Provider Education
Workflow Optimization
Performance Monitoring
By implementing a comprehensive denial management strategy, healthcare organizations can minimize revenue leakage, improve cash flow, and enhance overall financial performance.
Do you need help determining the health of your revenue cycle? Please contact us today to schedule a consultation. Admin@triumphmps.com or 214-305-8805