So you have no choice but to work with them. Implementing good practice management systems can reduce the number of claims denied and save the hassle of appeals. But with today's tight profit margins, most practices can't afford to let unpaid claims go unchallenged. To that end, consultants say that most legitimate claims are ultimately paid, but it requires perseverance and consistent office procedures for tracking and appealing claims. For Your Denied and Reduced Bills Money is the lifeblood of any business.
Revenue keeps the lights burning and staff members paid.
Yet the typical medical practice loses thousands of dollars in reimbursements that are denied or paid at an unreasonably low level. Neurology practices are particularly susceptible. Four Steps for Improving Efficiency and Cash Flow. The media tells one story after another of patients who were either denied insurance for a life-saving treatment or received the approval too late. While these stories may be true, they represent only a small portion of insurance-claim outcomes, industry experts say.