Efficient Denial Management with ZanexMed
In the realm of medical insurance, the adage often holds true: “Doubt it? Deny it.” Addressing denied claims and resubmitting them as appeals to insurance companies can be a daunting task for busy medical practices, playing into the hands of insurers. Outsourcing denial management to a medical billing company, such as ZanexMed, offers a solution to tackle denials and improve cash inflows. Our denial management services aim to reduce claim denials to as low as five percent.
To effectively manage denials, it’s crucial to assess the root cause and implement a strategy for eradication. ZanexMed assists practices and physicians in designing a denial management plan to minimize denials and enhance the likelihood of payment.
A Simple Denial Management Plan:
- Keep track of claim denials, utilizing your billing and practice management system.
- Utilize automated systems for electronic claim posting or manually enter denied claims for zero payment remittances.
- Evaluate the root cause of denial, ensuring a targeted approach for resolution.