Defend Your Revenue
Maintaining a strategy to manage your remittance denials and respond to payer audits is critical to the health of your revenue. According to the Medical Group Management Association (MGMA), 65% of claim denials are never appealed. This is likely because appeals audits can add complexity and cost. The American Hospital Association’s (AHA) recent RACTrac survey indicated that over 70% of hospitals reported a spending average of over $80,000 annually on Medicare RAC audits alone. This represents a significant area of opportunity—take action and defend the reimbursement you deserve. Integrated solutions for Denials, Appeals, and Audit Management from Quadax let you execute targeted appeals to recoup more revenue with less time and effort than you thought possible!