💡 The Cost of Insurance Denials A recent survey by Premier Inc. highlights a troubling trend: - nearly 15% of medical claims submitted to private payers are initially denied, including many pre-approved through prior authorization. - Providers are spending approximately $43.84 per claim to appeal these denials, adding up to $19.7 billion annually. - Even more concerning, over 54% of these denied claims are ultimately overturned after appeals, often taking 45 to 60 days—delaying reimbursements and straining healthcare providers’ financial stability. It’s time to address these inefficiencies and ensure timely payments for legitimate medical claims. 📄 Read more: https://lnkd.in/ezmpXpZR #HealthcareFinance #MedicalClaims #InsuranceDenials #RevenueCycleManagement #HealthcarePolicy
