Due to the complexity involved with coding, billing and physician documentation, denial management is a necessary component of a successfully functioning healthcare organization. An estimated 90% of denials are preventable with proper medical coding and compliance measures, and almost 70% of denials can be recovered by taking quick action.
Denial Management Expertise
MRA offers comprehensive and competent denial management services. How your healthcare organization deals with denials has a big impact on the bottom line, so working with denials quickly and efficiently is of the utmost importance.
The Benefits Of Using MRA
- Get to the root cause of denials.
- Fix problems and avoid future issues.
- Examine billing processes to analyze the revenue cycle.
- Discover workflow efficiency solutions.
- Implement comprehensive educational services for the needs we identify.
Avoid Revenue Loss
We don’t just “work” denials at MRA; rather, we actively manage them for the greatest return. Many healthcare organizations lose between 1% and 3% of net revenue because of denial mismanagement. MRA’s denials management team helps healthcare organizations retain their profits and avoid losing valuable revenue.