The Truth about Claims
It is estimated that the amount of money lost by inaccurate coding ranges from 3% to 15% of total practice revenue.
Average billing error rates for General Practice is 27%
The Truth about Denials
30% of all claims are denied by Insurance carriers for multiple reasons.
Insurance carriers anticipate that most practices will “write off” denied claims
The Truth about Appeals
Fewer than 25% of Physician Practices appeal their denied claims.
Insurance carriers depend on physician practices not following through on their denials.
