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Healthcare organizations should have in-depth knowledge of the insurance plans their patients have opted for. Often electronic health record (EHRs) and billing softwares will help physicians to view reports that give a clear idea of the revenue tied to each insurance plan. This will help physicians to decide on which plans to enroll for.
Every healthcare organization experiences claim denials. It is frustrating, time consuming and expensive to work on denials. But you cannot afford to ignore them. Because denials can hurt your bottomline and increase operational costs! Healthcare experts state that a whopping 25-30% of claims are denied or rejected.