ORLANDO, Fla.—Hospitals across the country lose approximately $262 billion per year on denied claims from insurers, sparking huge cash-flow issues and recovery costs, according to new data.Payers initially deny about 9% of hospital claims, putting about $5 million in payments per hospital at risk, said Jason Williams, vice president of analytics for Change Healthcare, which collected the data.Although hospitals ultimately will secure payment for 63% of initially denied claims, it costs $118 per claim on average to recoup the money, not to mention the cost to hospitals of foregoing the payments while they claw back the funds, Williams said."Even if they're ultimately paid for 63% of the claims, that's not great," said Williams, speaking on the sidelines of the national educationalMorehttp://www.modernhealthcare.com/article/20170627/NEWS/170629905
Comments
|
AuthorRobert Brooks Builder Developer Entrepreneur Seeker Archives
May 2018
Categories |