10 May Revenue cycle denial wars at HFMA Florida Spring Conference
Lori Intravichit, founder of Sunlit Cove Healthcare Consultants, to speak about revenue cycle denial wars during HFMA Florida Spring Conference.
The Healthcare Financial Management Association (HFMA) will be hosting its annual Florida Spring Conference and meeting in St. Petersburg, Florida from Sunday, May 20 until Wednesday, May 23.
Our founder Lori Intravichit along with Rebecca Corzine Tarr from Med Performance will share their insights on how to handle the revenue cycle denials that continue to plague healthcare providers.
The Revenue Cycle Denial Wars session starts at 4 pm on Tuesday, May 22.
Hope you can join us!
Lori will go into details of revenue cycle denial traps by explaining:
- What can you do to keep your denial rate at a reasonable level
- Why you should not hesitate to ask for help before your denial rate is on a runaway path
- What resources you need to work denials in-house
- How to choose your appeals/denial vendor
- Why you need to hold your recovery vendor accountable and how the contractual terms can help lower your denial rate
According to Healthcare Finance News:
For the typical health system, as much as 3.3% of net patient revenue, an average of $4.9 million per hospital, was put at risk due to denials. Even though an average 63% of those claims were recoverable, that effort came with a price tag of roughly $118 per claim, or as much as $8.6 billion in appeals-related administrative costs
Sunlit Cove Healthcare Consultants
We provide management and consulting services to help healthcare businesses run efficiently. Navigating the dynamic and complex revenue cycle management is a challenge for many health plans, health care vendors, and providers. Our consulting services are available to assist with your day-to-day operations and provide expertise in growth and change management. We manage all aspects of your enterprise from the development of the revenue cycle management process to the completion of your business cycle.
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