Glenwood Systems’ Post

🚨 Claim Denials Got You Down? It’s Time to Fight Back! 🛡️ If claim denials are draining your practice’s revenue and making you feel like you’re stuck in an endless loop of paperwork, you’re not alone. But here’s the good news—you can reduce denials and increase revenue with the right strategies! In my latest article, I break down how to: ✔️ Prevent denials before they happen ✔️ Master the art of coding and documentation ✔️ Appeal rejected claims like a pro If you’re tired of seeing your hard-earned money slip through the cracks, this one’s for you. Let’s get those claims paid! 🔗 Check out the full article here: https://lnkd.in/enY-GTjk #MedicalBilling #ClaimDenials #RevenueCycleManagement #HealthcareFinance #PracticeGrowth #DenialPrevention #MedicalCoding #PracticeManagement

See our latest blog post on beating claim denials!

Verifying the patient's eligibility and insurance coverage is one of the crucial steps in revenue cycle management. This includes contacting the patient and their insurance to confirm their coverage and avoid claim denials. With Revenulytics' 98% clean claims rate, we ensure that our patients won't get unexpected bills. Visit our website at www.revenulytics.com and check our eligibility and verification process! #Revenulytics #RCM #Eligibility #Verification

If reducing denials is priority #1, what's #2? Improving performance and increasing ROI, say an overwhelming majority of our 2022 State Of Claims respondents. 78% of them said their organizations are at least somewhat likely to replace their existing claims management solution if convinced that something else can deliver better ROI. What does that look like? For them, the top metric was the number of hours spent appealing or resubmitting claims (61%), closely followed by time spent appealing or resubmitting claims versus reimbursement totals (52%), clean claims rate (47%, and denials rate (41%). Read all the juicy stats and data nuggets here.

Some welcome news for patients!  The Consumer Financial Protection Bureau (CFBP) is cracking down on medical debt collectors’ shady practices. Here are some of the illegal practices the CFPB has called out: - Double-dipping to get paid for services already covered by insurance;  - Dogging consumers to pay fake or exaggerated charges;  - Misrepresenting consumers' rights to contest bills; and   - Collecting on debts without documentation that the amount owed is actually owed If any of this happens to you, the CFPB can help. Not only does it provide practical information on dealing with medical bill collection notices, but it also takes calls from any consumer who wants to submit complaints about this or any other financial product or services. To do that, visit the CFPB’s website or call (855) 411-CFPB (2372). https://lnkd.in/eRD-7H5k 

Even with insurance, you're not protected from medical debts due to high deductibles and out-of-pocket costs. Learn how to protect yourself and your credit score from a lifetime of medical debt in our latest blog article. #medicaldebt #medicalbills #financialliteracy #medicalfinance https://lnkd.in/gMqxXT8M

Claims Denials: A Step-by-Step Approach to Resolution

Noel@Hutchisons-insurance.com Is your Medicare card missing or looking a little worse for wear? No problem! This article will help you replace your lost, stolen, or damaged card. Read more here:

Denied claims are costly and often lead to lost revenue, patient dissatisfaction, or an increased burden on front office staff. The good news is that most claim denials can be prevented! Visit our website for 6 tips on how to improve your claim denial process. https://lnkd.in/gTH6xNcn #insuranceverification #eligibility #healthtech #claimdenials

Is Your Rejected Claims Process a Nightmare? Here's 6 steps you can do to help improve your rejected claims! Check out more on our website pVerify.com