RCM tip of the day: Take a multidisciplinary approach to claim denials

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.

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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. 

 

More articles on healthcare finance:

CHI sees operating loss shrink as turnaround efforts take hold
Kaiser Permanente sees revenue climb $8.1B in 2017
CMS launches initiative to reduce Medicare appeals backlog: 3 things to know

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