The Meduit Innovation Lab Blog

Conquer Escalating Claim Denial Rates

Posted by Meduit RCM on Apr 25, 2024 9:30:00 AM

Insurance denial rates have increased 20% in the last five years, according to a report by Healthcare Finance News. These rising denial rates are negatively impacting reimbursements and causing huge administrative burdens for hospitals, health systems and physician groups.

To keep up with claim rejections and get ahead of the denials game, healthcare providers need to leverage leading-edge automated solutions that incorporate artificial intelligence (AI) to stay competitive.

 That is why Meduit has just launched our new Denials Management Playbook, which contains strategies for:

  • Countering the rise in payer denials with AI and automation
  • Identifying the right tools to appeal and overturn denials in order to maximize cash recovery and reduce loss
  • Selecting the best RCM denials expert vendor to help, because most providers do not have the bandwidth to build these solutions in-house

Leveraging technology-powered AI and automation tools to counter claim denial challenges is not a passing trend. Meduit is committed to helping providers navigate this fundamental transformation with tech-powered solutions that support long-term financial resilience.

Download your copy here