Hospital Denials Management In-source, Outsource or Both?



Similar documents
Rejection Prevention. How Actionable Data Can Drive Results in Your Revenue Cycle

Making the right choice: Evaluating outsourced revenue cycle services vendors

HFMA MAP Keys Patient Access Measure:

Provider Revenue Cycle Management (RCM) and Proposed Solutions

Revenue Cycle Assessment

Management Report Services. Staff Training and Education Services

Days in Accounts Receivable Days in Accounts Receivable Greater Than 120 Days Adjusted Collection Rate Denial Rate Average Reimbursement Rate

Denials Management: Key Assessment Steps to Prevent and Recover Repetitive Revenue Leakage

Protect and Improve Profitability in Your Practice. Positioning Your Organization for a RAC Audit

Compensation and Claims Processing

Retrospective Denials Management

Transitioning from ICD-9-CM to ICD-10-CM. Tidewater Physicians Multispecialty Group Williamsburg, VA

Top Ten Questions. Time and Energy. Robin Bradbury

5 KPIs That Require Revenue Cycle Managers' Attention. Devendra Saharia FEATURE STORY. healthcare financial management association

Leveraging Predictive Analytic and Artificial Intelligence Technology for Financial and Clinical Performance

Revenue Cycle Objectives Challenges Management Goals and Expected Benefits Sample Metrics Opportunities Summary Solution Steps

Understanding Revenue Cycle Strategy How to Optimize Process and Performance

12 16 Memorial Physician Network Billing Cycle Audit Report

Insurance 101. Infant and Toddler Coordinators Association. July 28, 2012 Capital City Hyatt. Laura Pizza Plum Plum Healthcare Consulting

REVENUE CYCLE MANAGEMENT : A DEEPER DIVE

Insurance Authorization Process Inefficiencies & Opportunities

Our Journey to the MAP Award. Thursday, March 19, 2015

Glossary of Frequently Used Billing and Coding Terms

Rycan Revenue Cycle Management Solutions Overview. Target Audience: Evident and Healthland May 18, 2016

Revenue Cycle Management

BENCHMARKING PERFORMANCE AND EFFICIENCY OF YOUR BILLING PROCESS WHERE TO BEGIN

Provider Solutions. Sutherland Healthcare Solutions

Provider Solutions. Sutherland Healthcare Solutions

Molina Healthcare of Ohio, Inc. PO Box Long Beach, CA 90801

BILLING COMPANY STANDARDS

Revenue Cycle Management

Effective: October 1, 1991 Revised: October 31, 2012

Pain-Free Managed Medical Billing

Transfer DRGs: Approaches to Revenue Recovery. A BESLER White Paper

Denial Management Process. Strategies to ensure that claims are received and PAID!!

Revenue Integrity Strategies

Denial Management: Best Practices and Evaluation

Electronic data interchange and proactive services for customers using revenue cycle management solutions from the Centricity portfolio

10-Step ICD-10 Planning Guide for Chiropractors

EMDEON REVENUE OPTIMIZATION SERVICES

University Healthcare Administrative Policy

6 Critical Impact Factors of Health Reform on Revenue Cycle Management Pyramid Healthcare Solutions Thought Leadership Series

Revenue Cycle Management

Fundamental Guide to Understanding Healthcare Payments

BILLING HEADACHES? STAFF OVERLOAD! DENIALS LOST REVENUE

6 Critical Impact Factors of Health Reform on Revenue Cycle Management

Shellie Sulzberger, LPN, CPC, ICDCT-CM. Coding & Compliance Initiatives, Inc.

6 Critical Impact Factors of Health Reform on Revenue Cycle Management

REIMBURSEMENT CODING SERIES

PUBLISHED BY: CareCloud Corporation 5200 Blue Lagoon Drive, Suite 900 Miami, FL Phone: (877)

Introduction to ICD-10: A Guide for Providers. Centers for Medicare & Medicaid Services

Revenue Cycle Management: The steps Title X agencies must take to get paid

Revenue Cycle Responsibilities. Revenue Cycle. Objectives 4/9/2013

What Every Medical Practice Must Do to Optimize Workflow and Maximize Revenue While Decreasing Costs

Basic Health Plan Offers a Chance to Provide Comprehensive Health Care Coverage for Low-Income Minnesotans

EMDEON PATIENT ACCESS SOLUTIONS AND SERVICES

A Primer on Ratio Analysis and the CAH Financial Indicators Report

PREPARING FOR ICD-10 IDENTIFYING THE STEPS TO BE TAKEN AND THE TIMELINE MAY 2014

Optimize Healthcare Facility Revenue in minimum time. Billing /Coding/ Patient Management

practice management advisor

Policy: Charity Care Application Policy # 4.70 Department: Patient Access Policy Manual: USMD Hospital Revenue Cycle Manual Effective date:

Making Revenue Cycle Outsourcing an Organization Wide Responsibility

Zimmer Payer Coverage Approval Process Guide

HealthCare KPO Contents

Effective Revenue Cycles Are No Accident

Revenue Cycle Academy. E-Learning

December 2011 PRACTICE CHECK-UP. XYZ Anesthesia Group. AdvantEDGE Healthcare Solutions

REIMBURSEMENT CODING SERIES

Section 9. Claims Claim Submission Molina Healthcare PO Box Long Beach, CA 90801

CHAPTER 17 CREDIT AND COLLECTION

GOV-11 Hospital Credit and Collection

ICD-10 Action Plan: Your 12-Step Transition Plan for ICD-10. Written by the AMA CPT Medical Informatics Department

Our clients count on us, and we deliver.

Concurrent Utilization Review: Getting It Right By Olakunle Olaniyan, MD, MBA, Iskla L. Brown RN, and Kayode Williams, MD, MBA, FFARCSI

Granville Health System

University of Mississippi Medical Center. Access Management. Patient Access Specialists II

INTERMEDIATE ADMINISTRATIVE SIMPLIFICATION CENTERS FOR MEDICARE & MEDICAID SERVICES. Online Guide to: ADMINISTRATIVE SIMPLIFICATION

Billing and Claim Billing and Claim Submission Boot Camp Submission Boot Camp Beverly Remm Beverly Remm

Southwestern Vermont Medical Center Operating Budget Fiscal Year 2016

ATTACHMENT A - STATEMENT OF WORK REQUEST FOR PROPOSALS FOR INDEPENDENT BENEFIT CONSULTING, ACTUARIAL AND AUDITING SERVICES DMS-13/14-018

Certified Healthcare Financial Professional

Transcription:

Page 1 Hospital Denials Management In-source, Outsource or Both? by Holly Pelaia Summary A strong revenue stream case is made for intelligent outsourcing of hospital denials up to 20% more effective in reimbursement terms versus the strategy of only in-sourcing, with or without a denial software solution. The author employs in her argument decades of experience with all denial types, payers, providers and technologies.

Denials cost health care organizations about 3% of their net revenue stream, according to Washington, DC-based, global health care research, technology and consulting firm, The Advisory Board Company. 1 In many cases, this is the difference between a positive balance sheet and a negative one. What appeared a decade ago as a tolerable cost of business by health care providers with only an internal denials team (and perhaps a denials software package) now can be viewed as leaving money on the table, a real loss of cash flow and a less-than-optimal operational efficiency. Page 2 Denials cost health care organizations about 3% of their net revenue stream The Denial Problem is Growing Among U.S. health care providers, gross charges denied by payers have grown to an alarming 15% - 20% of the nominal billing value of all claims submitted, according to recent estimates. 2 Even with a very conservative 10% rate for gross charges denied for both inpatient and outpatient accounts, the following data result for some typical hospitals: Type of hospital Beds Annual billings from patient treatment Estimated annual denials cost Community 185 $63 mil $6.3 mil Teaching 480 $660 mil $66 mil Health system 1,100 $2,610 mil $261 mil And this is happening in a health care environment increasingly constrained by funding reductions and matched by escalating demands for every incremental dollar of reimbursement and every dollar of opportunity cost avoidance. And now, with the implementation of the Affordable Care Act (ACA), almost 45 million more people will be eligible for Medicaid or coverage from insurance marketplaces ( exchanges ). 3 1 Driving the Denials Management Initiative, a Renewed Focus, The Advisory Board Company, Washington, D.C., web conference, July 28, 2009, encapsulated online at http://www.advisory.com/sitecore%20modules/web/~/media/advisory-com/technology/revenue- Cycle-Compass/Events/Webconferences/2009/Driving-the-Denials-Management-Initiative-A-Renewed-Focus-RCC, page 3. 2 Health insurance denial rates routinely 20%, data shows, Phil Galewitz, Kaiser Health News, featured in USAToday.com, 9/12/11 http://usatoday30.usatoday.com/money/industries/health/story/2011-09-09/health-insurance-denial-rates-kaiser-healthnews/50362322/1 3 Kaiser Health News, online First Edition, March 22, 2013, http://capsules.kaiserhealthnews.org/index.php/2013/03/who-are-theuninsured-the-feds-parse-the-numbers/

Page 3 Although there are initiatives underway to simplify Medicaid and other coverage application processes, it is reasonable to anticipate a sizable increase in the demand on hospital staff for eligibility screening, and very few providers have the necessary resources to add and sufficiently train that much staff. On top of this, U.S. adoption of The International Classification of Diseases Tenth Revision (ICD- 10) means clinical documentation for billing submissions will become even more complex. Imminent ICD-10 implementation entails a seven-fold increase in procedure and diagnostic codes, with the number of inpatient procedure codes alone increasing by more than 1,700%). No matter how experienced a hospital staff, the magnitude of ICD-10 changes will require added learning and labor intensity, increasing the potential for a markedly larger incidence of denials. Consider that the cost to hospitals just to gather information to analyze a denial can range from $50 to well over $100 per case, and the negative financial impact has the potential to be quite large. Similar staff pressures among payers support this theory as well. Documentation 13% Authorization 28% The Shortcomings of In-sourcing as the Sole Denial Management Strategy There is no doubt providers internal denial teams have proved generally successful since they became a staple of hospital denial strategies in the late 1990s, and experience shows they overturn, on average, a bit less than 50% of all denials referred to them or about one of every two. However, roughly 67% of all denials are appealable 4, suggesting hospitals should be setting their expectations a bit higher nearer two of every three referred denials. Types of Payer Denials Payer Denials by Type Medical necessity 7% Technical 52% Also, most hospital denial teams have different degrees of expertise with varying types of denials and payers, so overall success rates may not hold true for some key kinds of denials or important payers Roughly 67% of all denials are appealable, suggesting hospitals should be setting their expectations a bit higher that may present special problems. For example, of the four general kinds of denials, medical necessity denials amount to only 7% 5, yet are characterized by the largest charges and the highest probability of appeal viability so if a hospital denial team s expertise in any way is lacking in this area, the financial consequences can be quite negative. Another example is found in authorization denials, which amount to around 28% 6 of the mix. If a denial team has any backlog of denials that take precedence, many authorization denials 4 Driving the Denials Management Initiative, ob. cit., page 8 5 Based upon data collected over years of denied account analysis and appeal for various hospitals across numerous states by Human Arc, 1457 East 40 th Street, Cleveland, OH 44103 6 Ibid

Page 4 will lose their appeal viability due to much shorter appeal time windows. In addition, analysis of denials within these teams is normally a labor-intense process slowed by staff members competing priorities. And the opportunity cost to the hospital of taking highly skilled staff members away from their core areas of expertise and revenue productivity is another negative factor that cannot be minimized. Software by itself generally does less than buyers would hope. Hospitals since the 1990s often have made large capital outlays for denial software systems in the assumption that technology translates directly to cost efficiencies. Although it is estimated that a good denials software package can reduce denials incidence around 6% by identifying major sources and frequencies, software alone does not address the challenges inherent in the construction of the appeal package, its submission or follow-up with payer agencies or companies. Hence, a 6% reduction in denials compares poorly against an 18% average reduction made possible by combining that software technology with dedicated denial staff assistance and benchmarking performance against today s leading industry standards. It s virtually impossible to attach hard numbers to effectiveness or cost efficiency of the denial team/denial software strategy. Nevertheless, it is possible to say this approach employed to the exclusion of others can cost providers significantly. This is especially the case versus intelligent outsourcing of at least the most troublesome part of denials. The Case for Adding Intelligent Denial Management Outsourcing as a Strategy There is a big difference between outsourcing of denials and intelligent outsourcing of denials. Intelligent outsourcing can be defined as referring denials of especially difficult kinds and from any difficult payers to an external service skilled not only in successful denial appeal but also working with the provider to assess its 18% average reduction made possible by combining software technology with dedicated denial staff assistance denial situation and processes. In short, intelligent outsourcing helps reduce denial incidence as close to its absolute minimum as possible and, in addition, helps the provider become better positioned to successfully negotiate with its payers. Decades of practical experience with outsourced denial management strongly supports the following characteristics are what today s health care provider should expect in an intelligent denial management vendor: 1. People experience: the ability to bring an impressive array of professional experience to the table from the clinical, technical (billing/coding), and public and private payer spheres, including staff RNs and certified coding experts in aggregate, a lot of dedicated experience with every type and source of denial. In addition, these professionals should have the expertise to speed data transfer and obviate errors between provider, vendor and payer, resulting in faster referral, processing and reimbursement.

Page 5 2. Performance: the demonstrated ability to achieve success appealing up to and in some cases beyond 60% of all denied claims referred to it (or up to, and in some cases beyond, 90% of accounts deemed viable for appeal), whether inpatient, outpatient or ER accounts, pre- or post-billing, regardless of payer or denial type whether authorization, documentation, medical necessity or technical billing issues. This also entails the ability to consult on and appeal RAC, MIC and commercial audits as well as conventional denials. Therefore, when intelligent outsourcing raises a hospital s denial appeal success rate from around 50% upward to 60% of the gross value of the denied billings, the result is a significant boost in positive cash flow (around 6%) and a minimization of cash left on the table due to truly unrecoverable billings from legitimate denials. Type of hospital Beds Annual billings from patient treatment Estimated annual denials cost Est. added cash with just denials team and software Same, but with outsourced denials vendor too Incremental positive cash flow with outsourced vendor too Community 185 $63 mil $6.3 mil $3.15 mil $3.8 mil $650,000 Teaching 480 $660 mil $66 mil $33 mill $39.6 mil $6.6 mil Health system 1,100 $2,610 mil $261 mil $130.5 mil $156.6 mil $26.1 mil 3. Flexibility to customize to meet client preferences: the willingness to work any segment of the denial mix primary or secondary that the hospital s team refers. It s important to keep in mind that most outsource services will not handle only part of a denials mix, even though their expertise may be limited to clinical or billing denials. 4. Timeliness: the technology and ability to successfully appeal within tight time limits and follow up with payers to verify correct payment in all cases. 5. A real solution, not a band aid: a real solution doesn t just recover cash by reversing existing denied claims; it combines denial prevention with denial management. It is estimated that around 90% of all denials are It is estimated that around 90% of all denials are preventable preventable 7, so the vendor s objective should be to provide all data the client needs to analyze the root causes of its denials/audits, understand how to avoid them, and reduce future denials to a minimum. This has to include an audit to validate clients processes, which will help them negotiate more favorably with payers. Current Procedure Terminology (CPT) code reports are a useful tool in this process to help clients identify denial sources and frequencies, helping them improve their processes. 7 Driving the Denials Management Initiative, ob. cit., page 9

Page 6 6. Best-in-class, 24/7 reporting, online and free of charge: so providers can be apprised anytime on claim status, vendor and hospital staff performance, and trend reports for specific payers, departments and even physicians. Intelligent denial management means intelligent providers who know how well their present denials are being appealed and how well their future denials are being minimized. 7. Mutually set objectives: measurable denial management objectives, set cooperatively between the provider and the vendor, based upon clear evaluation benchmarks and performance indicators such as gross and net days outstanding, aged A/R as a share of billed A/R, cash collections, billing turnaround times, conversion ratios, follow-up times, costs to collect and bad debt ratios. Conclusion Outsourcing denial management avoids important issues often present in the denial in-sourcing model, especially if the latter is the only tool a hospital actively employs to contest and reduce denials. Although any denial management vendor can satisfy one or several of the aforementioned conditions, it takes a vendor with extensive experience in denial management and highly skilled resources to deliver consistently on all seven of these criteria. It is our belief that, at present, only a single vendor is able to do just that Human Arc s PayerLogic sm Denial Solutions (1457 East 40 th Street, Cleveland, OH 44103, www.humanarc.com, 800.828.6453). Therefore, it is employed here as a benchmark for intelligent outsourced denial management. About the Author Ms. Holly Pelaia is Vice President of Operations, Hospital Business, for Human Arc, a national innovation leader in reimbursement and other revenue enhancement services for hospitals and health plans. Reporting to her are all operational leadership and staff for the company s three main hospital service groups: Eligibility Enrollment Solutions sm, PayerLogic Solutions and Disproportionate Share Services. Ms. Pelaia is an expert in the field of denials management and reduction strategies. An industryrecognized speaker, she is a Northeast Ohio HFMA board member and cochair of the Northeast Ohio HFMA Patient Financial Services Committee. In 2012 she was recognized for her work with the William G. Follmer Bronze award from the HFMA Northeast Ohio Chapter. Human Arc 1457 East 40 th Street, Cleveland, Ohio 44103 216.431.5200 800.828.6453 Fax 216.431.5201 www.humanarc.com 2013 by Human Arc DMS0007-R0513