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Tracking denial data can help improve your financial performance

Improving your fiscal future is as easy as examining denial data. By placing such information under a microscope, you’ll soon identify the root causes of claims denial. And with a little effort, your facility will develop internal and external solutions for such problems, including ideas to reshape your managed care contracts. This can significantly improve your financial outlook. "View each denial as a symptom of something that went wrong with the encounter, something that can be tracked, and something that can be solved for the next time," said New Hampshire attorney Robin Fisk during the June HCPro audioconference "Managed Care Contracting: Use Denial Data to Improve Financial Performance." "And view it, ultimately, as something that can be eliminated in the next contract cycle."