How much missed revenue due to denied claims?

An article in Healthcare IT News stated that 10% to 20% of claims that are denied can contribute to approximately 90% of missed revenue opportunities. However, a company experienced with RCM is able to maintain quality procedures and measures that keep pace with today’s ever-changing business needs and reimbursement models.

 

According to the Northern California Spring Conference, California health insurers rejected approximately 1 in every 5 medical claims, approximating $45.7 million in missed revenue between 2002 and 2009 alone (and that doesn’t include claims denied by Blue Shield of California).

 

Even more alarming are their statistics that a managed care hospital with a net revenue of $50 million may have – at any given time – $5 to $10 million in an open state of denial. Read more

About CureMD

CureMD is an award winning health IT organization providing SMART Cloud EMR, Practice Management, Patient Portal and Medical Billing Service to help adoption and Meaningful Use compliance - driving outcomes and subsidy payments to maximize value and returns.
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