• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Parathon Logo White

by JDA eHealth Systems, Inc.

  • Solutions
    • Revenue Intelligence Software
      • Parathon Contract Management
      • Patient Responsibility Estimator
      • Denials Management
    • Revenue Recovery Services
    • Compliance Solutions
  • Who We Are
    • Our Mission
    • Timeline
    • Leadership
  • News & Updates
  • Careers
  • Contact
  • Home
  • Solutions
    • Revenue Intelligence Software
      • Parathon Contract Management
      • Patient Responsibility Estimator
      • Denials Management
    • Revenue Recovery Services
    • Compliance Solutions
  • Who We Are
    • Our Mission
    • Timeline
    • Leadership
  • News & Updates
  • Careers
  • Contact
  • Privacy Policy
  • Terms of Use

Mobile Menu

  • Facebook
  • LinkedIn
  • YouTube
You are here: Home / General News / The True Cost of Denials

The True Cost of Denials

September 7, 2017 //  by Parathon Marketing

A recent study found that hospitals lose around $262 billion annually on claims that are denied by insurance Providers. In fact, 9% of all claims submitted are initially denied, and the cost to contest these claims averages around $118 per claim.

Denials can occur for a multitude of reasons, which makes pinpointing the exact reason why for each claim a difficult task. Providers who invest in a partner like Parathon Recovery Services, however, are at a distinct advantage. While the average recovery for hospitals cited in the study was 63% of all claims, Parathon Recovery Services boasts and average recovery of 80% of the claims we dispute.

Our differentiator is the talented team behind our technology. Our teams of knowledgeable clinical and technical denial detectives specialize in hospital claims denied for all reasons; no prior authorization, billing discrepancies, timely filing, medical necessity, experimental services and inpatient level of care. Our nurses, medical assistants, and insurance specialists review each medical record and excel at looking at the overall issues, including the finer details of each account and the reason for denial, to identify trends and achieve maximum reimbursement. As a value-added service, we report back trends and suggestions on reducing denials within your facilities.

When it comes to denials, one thing is clear: the current system benefits Payers much more than it does Providers. Parathon Recovery Services wants to help level the playing field for our Provider partners. Visit www.Parathonrs.com to learn more.

Category: General News

Previous Post: « How the ACA helps us better understand consumer behavior
Next Post: Increase Your Net Revenue with ED Triage Claims Payments »

Primary Sidebar

Recent Blog Posts

  • Operating Losses Per Physician Are Increasing
  • Reduce Denials by 34% With Our Denial Worklists
  • Stop Writing Off Denials, Save 5% of Net Revenue
  • Why Zero Balance Vendors Fail & How You Can Recover Millions
  • Unlock Potential in Your Zero Balance Accounts

Affiliations

  • American Hospital Association
  • American Health Innformation Management Association
  • Healthcare Financial Management Association
  • HIMSS
  • National Contract Management Association

Footer

Solutions

  • Revenue Intelligence Software
  • Revenue Recovery Services
  • Compliance Solutions

About

  • Who We Are
  • Careers
  • Terms of Use
  • Privacy Policy
  • Contact

Web Tools

  • Parathon Web Tool
  • Parathon Desktop
  • Parathon Desktop
  • Parathon Web Tool

Site Footer

  • Facebook
  • LinkedIn
  • YouTube

This site is protected by reCAPTCHA and the Google. Privacy Policy and Terms of Service apply.

Copyright © 2025 Parathon by JDA eHealth Systems.
All Rights Reserved • Privacy Policy • Terms of Use
JDA eHealth Systems, Inc. 1415 W. Diehl Rd, Ste. 200-N, Naperville, IL 60563.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok