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Common Errors that Result in Claims Unpaid Practices are in constant need of well-trained coders and billers who can submit timely, error-free claims. There are certain billing errors that can prove costly if they go undetected, requiring a skilled billing team for reducing denial rate and getting RCM back on track. If a practice fails to catch errors ahead of time, it can lead to delayed payments, loss of revenue and costly fines.
Industry Facts:
Approximately 8 in 10 medical bills issued by hospitals contain billing errors, costing thousands of dollars to consumers and insurance providers every year
More people will be getting insurance coverage in 2014 once the Affordable Care Act takes effect. This will also create more room for errors
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