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Facts and Analysis
Revision
Each revision incurs an average cost of $15 per claim.
Monthly Adjustments
If you encounter 100 claims requiring adjustments monthly, that totals $1,500/month to rectify erroneous claims or $18,000 annually.
Rejections
However, practices opting to disregard their rejections instead of rectifying them face a reduction ranging from 1% to 5% of their net patient revenue.
Adjustments
If you encounter 100 claims requiring adjustments each revision incurs an average cost of $15 per claim.
Reductions
Depending on your practice's scale, this reduction could translate into significant financial losses. After all, 1% of $1 million in revenue still amounts to $10,000.
