Just as Brown and Smith’s lost fumbles contributed to losing against the Dallas Cowboys this Sunday, an unorganized claim denial process can lead the RCM system into disarray and increase the organization’s financial burden. Plutus Health's recent survey highlighted the financial impact of such fumbles or denied claims on healthcare organizations. Shockingly, 22% reported annual revenue losses exceeding half a million dollars, with 10% facing losses surpassing $2 million due to claim denials. As a result of the financial burden, over 21% of healthcare providers expressed interest in wanting to work with a trusted external advisor. Just like a good coach, the right external partner can help streamline the organization’s revenue stream and optimize its efficiency, without sabotaging its winning streak. #valerionhealth #denialsmanagement #healthcare
