The pressure of denials and external audits is mounting for today’s professionals in healthcare.
“We are seeing an increase in external audits by 4x this year – the amount of dollars being defended at the end of Q1 2024 is already 2/3 of what was defended last year according to MDaudit data.”
– Ritesh Ramesh, MDaudit CEO
The threats are real, and they are escalating. At MDaudit, we anticipated these challenges back in 2023, and in 2024, our users have significantly decreased revenue leakage by better understanding the root causes of denials driven by payor adjudication policies while retaining 90% of revenue from external audits. Additionally, external payor audits from 120 organizations totaled $50 million, with a remarkable 90% revenue retention rate achieved.
MDaudit’s on-demand webinar, “Staying Ahead of Denials and External Audits” shares how our customers are achieving success despite mounting threats.
Key Takeaways from this Webinar:
- How to proactively stay ahead of external audits
- Strategies to initiate internal audits swiftly to address claim risks and prevent recurring denials
- Discover the benefits of utilizing a single platform for comprehensive insights into denials and seamlessly manage internal audits