Turning Denials Into Dollars
Are you tired of dealing with the frustration and financial loss caused by claim denials? Let us help you turn rejected claims into revenue with our proven denial management solutions.

Denial Management is one of the most important processes that can make or break the smooth functioning of a practice’s revenue cycle. There are two financial aspects to a denied claim - first is the “lost” revenue due to the improper prior authorization or the lack thereof and the second is the cost associated with reworking a denied claim, which entails a lengthy appeals process. Recent studies indicate that physicians spend anywhere from $30 to $100 or upward to rework a claim - costing the practice $14,400 (lowest estimate) annually based on 40 denied claims per month, not including the preliminary cost of submitting a claim.

The prevention of denials is always better than having to rework them - but this is easier said than done for most practices due to limitations in staff, time, and resources. This is why we offer end-to-end denial management solutions to help maximize your revenue and minimize your administrative burdens.

At Bristol Healthcare, our proven process begins with a thorough analysis of low-pays, no-pay, and current denial trends and patterns to identify root causes. Our AR team works in close consultation with our coders to formulate and deploy specialty-specific guidelines that effectively resolve coding-related denials. We also assist your team with implementing strategies and SOPs designed to prevent any denials that may arise in the future to help shrink your AR days and maximize collections.

To know more, visit us at https://www.bristolhcs.com or call us at 800-253-7320.

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