How to manage denials after ICD-10 implementation | ICD10 Watch
Posted on Wed, Nov 12, 2014 - 08:00 am
Medical practices can expect an increase in medical claim denials after Oct. 1, 2015. But that doesn't have to mean that revenue will be lost.
The Centers for Medicare and Medicaid Services (CMS) predicts denials could increase from 100 percent to 200 percent and lengthen accounts receivable cycles an extra 40 percent.
The easy answer is to stockpile savings or get a line of credit so medical practices can last a couple months without reimbursements. Who can afford that?
This is going to require attention and investment.
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