Detecting & Resolving Underpayments with Automation: A Game Changer for Healthcare RCM
In the healthcare industry, underpayments are a common issue that can significantly impact a provider's bottom line. These discrepancies occur when healthcare providers receive less reimbursement from insurance payers than what is actually owed. Resolving these underpayments is crucial for maintaining financial health and operational efficiency. With advancements in automation, healthcare organizations can now detect and resolve underpayments faster, more accurately, and with less manual intervention. In this blog, we’ll explore how automation is transforming revenue cycle management (RCM) for healthcare providers, specifically focusing on detecting and resolving underpayments. Understanding Underpayments in Healthcare RCM What are Underpayments? Underpayments in healthcare occur when the reimbursement received by a provider is less than what was expected for services rendered. This can happen due to several factors, such as billing errors, discrepancies in payer...