Fragmented workflows, payer complexities and growing volume make denials management a costly center of operation for most provider organizations. Changing the way denials are traditionally worked can have a significant impact on financial outcomes
such as cost to collect, days in A/R and net collections.
Furthermore, ineffective and siloed workflows could be costing your organization money!
- $25 per claim to rework a denial
- The average hospital spends over $1 million per year to resubmit claims
- $30-70 million per year is written off due to avoidable denials
The powerful DenialsIQ algorithm quickly identifies unexpected changes from within denials data and categorizes it based on root cause factors so that users can manage denials more effectively.
Dynamic dashboards enables users to drill deep into and monitor over time, areas of opportunity within their denials, based on historical performance.
Combining historical trend data with powerful advanced algorithms help deliver transformational insights and enables users to qucikly drill down into previously undetected problems and uncover common factors to fix in order to avoid denials from recurring in the future.
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