The CMS estimates that 15% – 20% of all provider claims submitted are denied, resulting in a net revenue hit of up to 3% / year.
Altair Monarch self-service data prep software enables your business and finance analysts to easily extract, combine and prepare the data they need to appeal denied claims before they impact revenue, with or without IT assistance.
Want to learn more? Altair has created a comprehensive guide: Top 10 Reasons to Consider Data Prep in Healthcare to help you determine if you are a candidate for data prep software to manage the revenue cycle. Submit the form to the right to get your complimentary copy.
Meanwhile, view this quick video showing an example of how Monarch can streamline claims denial analysis: