Hospitals and health systems continually seek to reduce claim denials so they don't miss out on revenue. One way to achieve this is by using a multidisciplinary approach, according to Kyle Kobe, vice president of consulting and analytic services at nThrive.
Mr. Kobe shared the following tip with Becker's Hospital Review.
"To reduce the recurrence of denials, it's imperative that healthcare systems employ a multidisciplinary approach that leverages technology and data analytics to optimize processes and shift from a reactive to a proactive approach. By employing data analytics, problematic areas can be identified and internal processes fine-tuned to reduce denials, accelerate cash flow and decrease administrative inefficiencies."
If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.
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