Denial Management Best Practices
At the start of the insurance plan year, deductibles reset so many people are responsible for out-of-pocket payments to healthcare providers. Most plans operate on a calendar year, so the “deductible season” generally starts on January 1st. Billing clients in the first few months of the year is tricky because you don’t know if they’ve met their insurance deductible or not — and it isn’t practical to inquire about every client’s status at every visit. Having a plan in place to ensure you’re paid in a timely manner for services will improve the cash flow of your practice and reduce costs. There are several options, and this article will help you choose what works best for your practice.