Claim Denials: How Payers Keep You from Your Hard-earned Money
Health insurance companies aren’t known for making life easy for those in the medical profession. Through their claim denial process, they can make a particularly deep dent on the bottom lines of behavioral, mental health, and chemical dependency clinicians.
Even if you’re a seasoned professional — but especially if you are new practitioner — it’s easy to make costly mistakes that result in claim denials. After all, most of your time belongs to your patients. Their care and well-being comes first, while business processes and procedures simmer on the back burner. But you can’t monitor what you don’t measure, and inattention to the business of your business means you won’t know how much money you lose every month. Take claim denials, for example. They are the insurance companies’ first, and often most effective, tactic to keep you separated from your hard-earned money.
Make these five strategies part of your business routine right from the start to make it as difficult as possible for them to deny your claims and maximize your monthly revenues.