Stopping Patient Identity-Related Revenue Leakage

Patient misidentification issues cost the average healthcare facility $17.4 million per year in denied claims and lost revenue and cost the U.S. healthcare system over $6 billion annually. According to the Ponemon Institute, about 35% of denied claims incurred by hospitals each year can be attributed to inaccurate patient identification or inaccurate/incomplete patient information, adversely affecting both cash flow and AR days. Click to read the full article  by Rachel Podczervinski on Libman Education’s Coders’ Corner.