Delaware, 11-08-2022- Insufficient and inaccurate patient information, duplicate billing, improper and outdated use of codes, etc., continue to put enormous pressure on healthcare organizations’ bottom lines.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 –
- $4.99/Hour Billing Rate –
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.
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
Get all your documents validated with free credentialing services offered by the Medisys team, and make your medical billing process weightless to handle. Credentialing significantly impacts the revenue cycle, as even minor mistakes or interruptions in the process can lead to claim denials, underpayments, and reimbursement delays. Free Credentialing is a value add service in sync with the 20% off offer. Combination of both these deals, will surely save huge dollars for Providers.
According to Abby, CEO of Medisys, credentialing provides a plethora of benefits to medical practices and expands the scope of improving their business with more patient inflow. In addition to increasing patient trust in selected healthcare providers, medical credentialing protects healthcare organizations and hospitals from losses. Furthermore, it significantly reduces the risk of medical errors and improves practitioners' business.
The Thanks Giving offer appears promising, and the company's primary goal is to ensure that maximum practices take advantage of it. This offer will undoubtedly be a game changer for healthcare providers, significantly increasing their revenue.
About Medisys
Medisys is a leading provider of medical billing and coding services in the United States, with over a decade of experience dealing with accurate claims submission and denial management, as well as an expert in the revenue management cycle. It is a one-stop solution for all billing needs and defines a new meaning to medical billing and coding in the books of healthcare.
Some of the top qualities and areas in which Medisys excels to persuade its clients are as follows:
- Highly skilled and extensive expertise in medical billing and coding
- Simple and painless on-boarding process for new clients
- Excellent management of rejected and pending claims, as well as aged accounts receivables
- Instant and real-time response to queries and clarifications
- Dedicated, experienced, and certified billing and coding team with high-end supervision of every aspect of your claim
This Thanks Giving offer will be a non-denying opportunity for healthcare providers who want to enhance their revenue and streamline their operations with effective medical billing services.
This offer will be valid only till the 30th of November 2022 & those who are interested can grab this with a simple registration process.
Media ContactAbby,
Medisys Data Solutions Inc,
8 The Green STE A, Dover,
Delaware - 19901
Tel: +1 888-720-8884
Email – info@medisysdata.com
Website – https://www.medisysdata.com/