This Thanks Giving Turn Denials into Reimbursements with Medisys Data Solutions

DOVER, Del. - Nov. 9, 2022 - PRLog -- Insufficient and inaccurate patient information, duplicate billing, improper and outdated use of codes, etc., continue to put enormous pressure on healthcare organizations' bottom lines. A situation exacerbated by unresolved claims denials, which represent an average annual loss of $5 million for hospitals and up to 5% of net patient revenue.

Hospital denial rates have risen by more than 20% in the last five years, with average claims denial rates reaching 10% or higher.

"Nearly 20% of all claims are denied, and up to 60% of returned claims are never resubmitted. The cost of reworking or appealing denials, which averages $25 per claim for practices and $181 per claim for hospitals, adds to the financial hit impacting the reimbursement rates," as per the Medical Group Management Association (MGMA)

"The good news is that denial does not inevitably result in claims being written off. Indeed, up to two-thirds of denied claims are recoverable. A strategic approach to ensure the procedure aligns with payer requirements is required for success—and lower recovery costs. All thanks to the experienced team of Medisys, doubling the reimbursement rates with special thankful offers.

Buckle Up Reimbursement with Thanks Giving Offers

"To limit the financial impact of denied claims, the best strategy is to avoid them in the first place," says, Abby, CEO of Medisys

Understanding why claims are denied and how to resolve them is most critical to preventing or at least mitigating the damage claims denials can cause to the bottom line.

As a token of appreciation for the priceless efforts of the healthcare providers, Medisys has come up with exclusive Thanks Giving offers that will definitely save huge dollars while preventing denials this Thanks Giving Month."

These exciting offers will undoubtedly be of tremendous assistance to healthcare companies still struggling to increase their revenue (reimbursement) and to practices and solo practitioners whose billing processes were utterly disrupted by the increased number of claim denials.

Additional benefits on this Thanks Giving offer include:

• 20% off on first three invoices

Huge savings of a flat 20% amount can be used for reinvesting in your healthcare company or practice. Medisys ICD-10 expert coder team exceptionally performs in reviewing the coding charts and showcases the errors for denials as a part of this saving.

• $4.99/Hour Billing Rate

Medisys has an expert team who work exclusively on the overall billing process and audit the piled-up AR to keep you away from stress occurred due to pending claims money, thereby increasing your revenue in no time. All this can be availed at a nominal rate of $4.99/ hour with a 75,000-billing volume (minimum).

Additional Surprise this Thanks Giving:

• Free Credentialing Services

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