DataMedic Analytics – A fast solution to medical billing requirements
Revenue loss in the medical billing process is an unfortunate byproduct of the recent upheaval in our American healthcare system. With new coding systems, different recording procedures and insurance eligibility verification practices being used in the industry, coupled with a great deal of regulatory confusion, many medical businesses lose huge amounts of revenue through billing delays and claim denials. These unclaimed bills may be neglected or lost altogether as bad debts. Many of them may be due to minor clerical details or medical coding errors that are easily avoidable, especially if we can track the most common denials through data analysis.