How health systems can recover millions in lost revenue
In today’s healthcare climate, hospitals need to find new sources of revenue. Medicare and Medicaid reimbursements alone is not enough. Most profits that are to be gained must come from patients who have commercial insurance. Unfortunately, commercial payers add to this problem by denying a large portion of claims, causing providers to write-off desperately needed revenue. Re-appealing through ordinary methods has limited success and often serves only to delay the write-off process. This is time consuming for minimal benefit.