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Effective denial management services are essential for sustaining a healthy revenue cycle. Without a strong denial management strategy, healthcare providers risk substantial revenue loss and rising operational expenses. Denials often result from issues such as missing or incorrect prior authorizations, leading to unpaid claims and delayed cash flow.
The financial burden of reworking denied claims is significant—studies indicate that resolving a single denial can cost between $30 and $100 or more. For a practice dealing with just 40 denied claims each month, this can amount to at least $14,400 annually, not including the initial expenses of medical billing services and claim submission.
At Bristol Healthcare, our specialized denial management services help identify root causes, prevent recurring errors, and streamline the appeals process to minimize revenue leakage and safeguard your bottom line.
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