CO-45 Denial Code: Meaning, Causes, and How to Fix It
Receiving a CO-45 denial code on an Explanation of Benefits (EOB) can be frustrating and confusing for healthcare providers and medical billing professionals. This code indicates that the insurance company has adjusted the billed amount because it exceeds the contracted rate agreed upon between the provider and the payer. If not handled correctly, it can […]
How to Handle Denials in Medical Billing | 6 Steps & Tips
In the complex world of medical billing, handling denials is critical to maintaining smooth revenue flow. Every denied claim represents delayed payment, which impacts healthcare providers financially. Understanding and managing denials can significantly enhance billing efficiency and revenue recovery. In this article, we provide you with expert strategies to handle and prevent denials in medical […]
How to Optimize the Denial Management Process?
Denial management is crucial for maintaining the financial health of any healthcare provider. Every denied claim negatively impacts revenue, increases administrative burden, and delays payments, creating unnecessary operational stress. Optimizing the denial management process ensures smoother operations, fewer denials, and better financial outcomes. By implementing efficient practices, healthcare providers can also improve patient satisfaction and […]