Payment & Denial Management
Payment management and denial elimination are key components of an effective revenue cycle process. Every health care organization expects proper payment. Denials effectively delay or eliminate payment and represent high financial risk to the organization since costs have been incurred without payment.Payers constantly find reasons to deny or underpay claims and delay payment. Tracking and analyzing payment and denial patterns can make the difference between financial stability and failure.
BKD Health Care Group can help you put procedures and processes in place to:Potential Benefits to You
- Improves revenue capture
- Improves cash flow
- Decreases financial denials
- Identifies trends and billing problems
- Improves process of tracking denials
- Track payment patterns from Medicare, commercial and other third-party payers
- Calculate expected reimbursement
- Compare actual to expected reimbursement
- Assess denial patterns and trends
- Quantify the financial impact of denials
- Appeal denials/underpayments
For More Information
Contact your BKD advisor or:R. Scott Vaughn
Partner
918.584.2900
