Denial Management
THERE’S A better way to manage denials
Outdated denial management processes and high workload mean you’re probably leaving a lot of revenue on the table. Waystar’s automated Denial Management solutions helps you manage, appeal and even prevent denials to ensure that less revenue slips through the cracks.
“ Denial Management was a game changer in terms of time savings...We have more confidence than ever that our processes work and our claims will be paid. ”
BOOST YOUR BOTTOM LINE
It costs up to $118 to work a single denial —and with 15-25% of claims not paid the first time, that cost can really add up. Use our calculator to find out how much more revenue and staff time you could recover by preventing denials, automating workflows and streamlining the appeal process with Denial Management from Waystar.
How denial management works
Waystar Denial Management automates the tedious process of identifying denied claims and underpayments by:
- Scrubbing your 835 data
- Uncovering each unpaid or underpaid line item
- Evaluating what can be realistically appealed and overturned
- Providing an automated appeals process
This empowers you to get the most out of your AR initiatives, send more appeal packages and reduce AR days.
Denials by the numbers
76%
of providers ranked denials as their greatest challenge*
2 of 3
denials can be recovered*
65%
of denials are never worked*
*Becker’s Hospital Review, May 2018
PREVENT DENIALS BEFORE THEY HAPPEN
Preventing denials up front saves significant time and money down the line. Waystar identifies and reports on root causes so you can make process improvements upstream to decrease preventable denials.
of denials
are avoidable
Get extra denial management insights
Find out more about how our Denial Management solutions can help your organization prevent denials, recover more revenue and reduce your cost to collect. Check out our resources below to learn more.
Request a demo
Let’s find out how we can work together to bring down your organization’s denial rate and increase revenue. Fill out the form below and a Waystar expert will be in touch.