Benchmark Insights for 2024 Success | Billing Compliance, HIM/Coding, and Revenue Integrity
Equip your teams for success in 2024.
MDaudit recently published its Annual Benchmark Report, which contains a comprehensive analysis of over 50 million healthcare records. This report reveals key trends and metrics across healthcare billing compliance, coding, and revenue integrity that can be leveraged to inform future strategy and improvement efforts.
Check out our recording of an exclusive webinar where our CEO Ritesh Ramesh and Director of Market Strategy Danna Finnegan dive into key insights from the Annual Benchmark Report.
Learn insights from your team:
- Commercial payers were in the headlines this year for driving reimbursement issues in the industry. MDaudit data for 2023 shows commercial payers denied dollar per initial claim in the professional setting has increased by 30% and 5% in the inpatient setting vs 2022.
- In amounts, more than 10% of professional claims, 3% of outpatient claims, and 3% of inpatient claims were initially denied for billing and coding-related issues. Cumulatively, these issues accounted for 16% of overall denials worth $17B from our sample size.
- In 2023, overcoded charges reclaimed 17% of the revenue recovered from undercoded claims.
Fill out the form to learn how your team can successfully leverage these insights to navigate industry challenges and opportunities in 2024!