Revenue Cycle Opportunity: Reducing & Preventing Denials White Paper
It's no secret, when it comes to revenues hospitals are hurting. One in six of your claims will be denied this year. This will cost your hospital an average of $755 (for an automated denial) to $5,441 (for a complex denial). Not to mention the hours it costs your team to re-work the denied claim.
At Alpha Systems, we are focused on denials as they are a major source of revenue leakage. We have identified the root causes of denials and their financial impact on hospitals in our "Revenue Cycle Opportunity: Reducing & Preventing Denials" white paper. Alpha Systems recently commissioned a research project that went to over 4,000 healthcare revenue cycle stakeholders. That study, along with our client feedback, revealed some common themes that are vital to effective revenue cycle management.