In healthcare systems, average medical billing denial rates range from 5-10%, with better performers averaging 4%. Some organizations even see denial rates as high as 15-20%.
The good news is, many medical billing denials can be avoided. Reducing denials even by a fraction of a percent can have a substantial impact on your organization’s bottom line.
If your organization is able to understand the different types of medical billing denials, pinpoint the most common billing problems and take steps to avoid them, you could collect more of what you deserve and transform your bottom line. Here’s how to make it happen: