Coding Denial Management Services in Pahala

By correcting claims rejected due to coding errors, iMagnum Healthcare Solutions increases revenues.

A considerable portion of claim denials are coding denials. Even for well-run revenue cycle departments, more than 10% of claims are rejected, even though the most cost-effective method for collecting revenue is to make sure that optimal payments are received the first time a claim is made.

It is necessary to thoroughly examine the factors that led to denied claims. Retrieving medical records, reviewing the assigned medical codes, evaluating the clinical documentation, and performing coding edits in accordance with payer-specific guidelines are all steps in a thorough process that must be followed in the event that a claim is denied due to incorrect coding or other coding-related issues. The procedure is time and labor-consuming and depletes the coding team's resources.

• iMagnum offers coding denial management services to assist you in managing the time-consuming process. In order to greatly reduce coding denials, we also offer code audit solutions.
• Providers do not resubmit or appeal up to 65% of the denied claims due to the high resource requirements for doing so. Most revenue cycle administrators identify a shortage of skilled medical coders and a lack of employees as their main causes. The focus swings away from handling refused claims, as keeping the lights on takes precedence, and toward processing more recent claims.
• iMagnum Healthcare Solutions gives you a cost-effective denial management solution by combining the benefits of quick processing, denial management experience, and offshore pricing. We can identify claim concerns and effectively manage them to give you the chance to recover lost revenue thanks to our defined policies and procedures for dealing with each denial code, as well as our training programs for denial management professionals.

Benefits of using iMagnum as your service vendor

Customers who use our coding denial management services gain the following advantages from working with us:

• Resubmitting rejected claims can increase the revenue realized.
• Having use of a group of qualified coders
• Cutbacks in Days in AR
• Put more emphasis on preventing denial
• Boost cash flow
• Lower the cost of collection