tci Part B Insider - 2012 Issue 11

Clip And Save: Identify Financial Problems in Your Practice With Special Acronyms

Assigning payment and denial codes will help you track your claims success.If you don't know which claims get paid, denied, or written off -- and why -- you can't accurately measure your practice's success or identify problem areas to improve upon. Keeping an accurate tally, however, can help you resolve, prevent, and reduce recurring denials and lost reimbursement."You can't make changes and improve collections until you have accurate and relevant measures to analyze," says Cyndee Weston, executive director of the American Medical Billing Association in Sulpher, Okla. "Analyzing denial, payment, and adjustment reports helps you understand...

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