Medical Practice Management
Feb 02

“Ignore the claim denials – we are too busy, just write them off.”

If you have ever said this or heard someone else in your physician medical practice say this, then you have a huge opportunity for increased cash at the bottom line.  Claim denials need to be entered into your practice management system and reported on regularly.  Based on those reports, a physician practice must create a denial prevention and denial management program with the following goals:

Increase the percent of payment from an initial claim by decreasing the claim denial rate

Reduce the cost of rework by doing it right the first time

Increase payments from claim appeals by following through on denials within the denial appeal timely filing deadlines

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →