According to Becker’s Hospital Review, hospitals misidentify about 7 to 10 percent of incoming patients when registration staff attempts to locate patient records using EHRs. In addition to the obvious risks involved with looking at the wrong information when treating a patient, incorrect medical files can also lead to health care claim denials, which are expensive endeavors for hospitals.
About 30 to 40 percent of claims are denied due to errors made during the registration process. If you make your registration process more efficient and lower your denial rate, consider turning to automated processes. Not only will denials drop, but your hospital can also have healthier cash flow as a result, according to the American Academy of Family Practices.
Health care claim denials are some of the most costly parts of running any hospital or medical facility, according to Healthcare Finance. For more information about how you can improve your hospital’s financial efficiency, contact Professional Medical Services today.