Managing denials after ICD-10 | Healthcare Finance News
Carl Natale
Healthcare providers will need a denials manager who can track denials and communicate with healthcare payers
Healthcare providers 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 your facility can last a couple months without reimbursements. But how much sense does that make for smaller organizations?
Sounds like this problem is going to require attention and investment.
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