Insurance claim denials cost hospitals $262 billion annually

C:\Users\eInsurance claim denials cost hospitals $262 billion annuallyNew data shows that denials cost hospitals $262 billion annually, sparking cash flow issues and increasing recovery costs, Modern Healthcare reports. Reporter Dave Barkholz, citing a national analysis from Change Healthcare, notes that hospitals can try to avoid claim denials by automating their revenue-cycle workflow, and use analytics to pinpoint problems and improve processes to reduce denials.

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