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You are here: Home / General News / Stop Writing Off Denials, Save 5% of Net Revenue

Stop Writing Off Denials, Save 5% of Net Revenue

February 19, 2019 //  by Parathon Marketing

According to the advisory board, Healthcare organizations suffer an annual loss from denial write offs. This loss can be as little as 1% to as high as 4 to 5% of net patient revenue.

Parathon offers denial recovery services that can ensure additional net revenue and avoid write offs on aged or troublesome denials. With collection rates averaging 65% on accounts over 350 days, our superior technology and services can be delivered on a contingency model to avoid risk while maximizing hospital revenue.

This groundbreaking recovery solution requires no upfront costs and is driven by Parathon’s sophisticated Parallel Database and Recovery Services. It is the only solution in the market to allow for provider adjudication of every claim and denial recovery without costly software or implementation fees. Parathon’s Denial Recovery Service provides exhaustive analysis of billions of dollars in lost revenue that existing Denial Management systems or recovery vendors cannot find. This is done through Parathon’s AI-Driven Parallel Database which identifies, validates, and exposes all related zero balance data. Once the revenue is identified, Parathonthen leverages its Denial Recovery Services for subsequent collections all while providing root cause analytics to ensure contractual errors do not happen again.

Parathon, Hospital Revenue. Not Loss

 

Category: General NewsTag: A/R, Billing, Coding, Contract Management, Denial Management, Denials, ED Triage, Healthcare, HFMA, hospitals, jda ehealth systems, Legacy Systems, parathon, recovery services, revenue, zero balance

Previous Post: «Why Zero Balance Vendors Fail & How You Can Recover Millions Why Zero Balance Vendors Fail & How You Can Recover Millions
Next Post: Reduce Denials by 34% With Our Denial Worklists Reduce Denials by 34% With Our Denial Worklists»

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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

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