Medical Coding and Revenue Cycle Management: Ensuring Financial Health for Providers
The Direct Link Between Accurate Coding and Claim Success Coding errors directly impact revenue: a 2024 study by the Revenue Cycle Management Association found that hospitals lose $1.2 million annually on average due to claim denials from incorrect coding. This includes both denied claims and the cost of reprocessing. Accurate codes ensure providers receive full reimbursement for services, from...
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