AE Articles
Don't Let Coding Bundles Tie You in Knots
March 2023
Issue: March/April 2023
File Type: PDf
Preview

Effective billing is crucial in medical practices. The effort to rework and refile claims is expensive and time consuming, eating into practice revenue. According to MGMA, 90% of claims denials are avoidable. Good news: Two out of three denied claims can be recovered. However, the efforts to make corrections cost an average of $25 per claim. Annually, the cost to work 100 claims/month is $30,000—on top of the estimated $6.50 for each initial submission.

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about the author
Mary Pat Johnson, COMT, CPC, COE, CPMA

(800) 399-6565 ext 209; [email protected]), is a senior consultant at Corcoran Consulting Group, Charlotte, North Carolina.