Parathon » Why suffer an annual loss from denial write-offs?

Why suffer an annual loss from denial write-offs?

Share on Social
Facebook
Twitter
LinkedIn

According to Advisory Board, Healthcare organizations suffer an annual loss from denial write-offs ranging from as little as 1% of net patient revenue to as high as 4 or 5%. For an average 300-bed organization, 1% of net patient revenue can equate to $2 million to $3 million annually.

Why do Healthcare organizations accept this as the norm? Every penny is important and the cost to research, prioritize, appeal, collect, and report one denial can literally require days of attention. However, a more cost-effective solution exists, and it does not require a multimillion-dollar investment. Contact Parathon for the help your organization needs.

Related Articles

The Critical Role of Technology and Expertise in CMS Price Transparency V2.0 Compliance: A Guide for Hospital Personnel

Ace the Competition with Accurate Shoppable Services: How Parathon’s 100% Accurate Price Transparency Technology Drives Patient Trust and Profitability

For 2025, How Important is Accuracy for Hospital Price Transparency?

Theresa Johnsen promoted to Chief Client Officer

What Is Hospital Contract Modeling?

Stop Writing Off Denials, Save 5% of Net Revenue

Unlock Your Organization's Full Revenue Potential

Request a Free Demo Today to discover how Parathon can transform your revenue cycle management and drive financial success for your organization.