+1 510 730 3112
Ahmedabad, Gujarat India
According to reports, 90% of medical practices' lost revenue potential are related to denied medical claims. An estimated $262 billion worth of medical claims are originally turned down annually. Research indicates that as many as 65% of all dismissed claims are never revised. More than half! Thousands of dollars have been lost there! Even more startling, 90% of them could have been prevented.
The expense of reworking a claim is $25 per, on top of the possibility of losing the service's income. If ten of your claims are rejected each week, you will be attempting to collect payment from payers for the services you provided for $250 per week, $1,000 per month, or more than $12,000 annually. Not to mention the amount of time employees spend interacting with the appeal
Denials may inevitably occur, but at Westward, our staff makes a concerted effort to reduce their frequency and effectively handle those that do. Even at three levels, our team will contest those denials.
In accordance with a predetermined procedure, we will get in touch with the insurance company to find out why the payment was delayed and then take the necessary measures.
For transparency's sake, we might follow up, finish the appeal, and add all submitted supporting documents to your programme. Alternatively, we might ask you more questions to aid us with the appeals process.
Most insurance companies have 30 days from the date of receipt to either settle the claim or offer a written denial. We can decrease your days in AR and bring them down to the industry standard by using our proactive strategy to handling denials.
Many denials can be prevented before they occur by having a skilled revenue cycle management staff on your side. Using the total revenue cycle covered, partnering with Westward can help you submit clean claims that go through the first time, reducing denials and the cost and frustration that goes with them.
