Med-Strategies Blog

Insurance Denials: 5 Ways to Spot and Avoid Them

Insurance denials are a great cause of frustration for medical providers. The numbers paint a grim picture: reports have shown that the denial rates for some organizations are as high as 20%. In other words, one in every five medical claims has to be investigated and...

Is It Time to Automate Your Claim Denials Management System?

by Med-Strategies | Automation, Claim Denials

Value-based care is slowly emerging as the new alternative to healthcare payments as opposed to fee-for-service reimbursements. With a focus on quality versus quantity, this type of reimbursement aims to refresh the healthcare system by reducing costs both for...

Want to Increase Profitability? Get Familiar with Revenue Cycle Management

by Med-Strategies | Revenue Cycle Management

You can do a lot of things to maximize the success of your medical practice. However, regardless of your size, needs, and policies, one process that can help your healthcare organization grow is the revenue cycle. Revenue cycle management, or RCM for short, is the...

5 Tips to Prevent Claims Denials

by Med-Strategies | Claim Denials, Uncategorized

Filing claims is a crucial responsibility that affects healthcare organizations in today’s climate. Many hours of employee effort and company money is lost due to denied claims. While there are many reasons for denied claims, errors in medical coding has the largest...

4 Steps to Reduce Claim Denials and Boost Your Revenue

by Med-Strategies | Claim Denials, Low Balance Claims

Let’s be honest for a second. Although a noble thought, aspiring to reduce claim denials to zero is probably impossible. The way the healthcare system works makes it prone to errors. As a result, almost any hospital and medical practice will be dealing with denials at...

Streamline Your Claims Denial Process With Automation

by Med-Strategies | Automation, Small Claims

In the medical industry, there are numerous expenses that practices must pay as part of the territory, but none of them hit medical practices harder than claim denials. Most practices have to go about the claims denial process manually, which leads to giant...

How Denial Claims Management Effects Profitability

by Med-Strategies | Claim Denials

Claim denials are one of the most common expenses that healthcare organizations face on a frequent basis. While they are impossible to eradicate, most organizations are dealing with a large number of claim denials which takes an unnecessary amount of time and energy....