Denial Management

For Insurance Companies

THE PROBLEM

Our Client , a mid size healthcare provider, located in the east coast was facing huge financial loss due to denial of claims. Their denial rate was as high as 11%. Too often is a denied claim the result of a simple data entry error, missing information, or duplicate filing, all of which are largely due to the fact that this process was very manual, and human error was unavoidable. 

Our Solution

Pursuit started with Setting up metrics for tracking claims and tried to identify patterns in claims that are denied. Post identifying the cause, the claims were monitored and concern areas were identified before final submission. A predetermined checklist was created and RPA BOT was used to monitor outgoing claims based on this checklist. . If an error pattern was detected, the RPA BOT suggested corrective action for the claim before submission There were few claims that could not be corrected, the RPA BOT moved them to an exception flow path, where the claim was queued for further monitoring. 

The Outcome

Error free claims reducing denials .

Reduction in Cost due to lesser number of Appeals .

Reduction in 86% of the mistakes made due to human error

 Error-free claims are sent for processing, reducing claim denials and in turn re-work.

Reduction in validation time from 14 minutes to less than 3 minutes.

GREATER NYC

100 Overlook Center, 2nd. Floor Princeton, New Jersey 08540, USA

+1 (908) 431-5281

BAY AREA

2880 Zanker Road, Suite 203, San Jose, California 95134, USA

+1 (312) 480-7806

SOUTH EAST & LATAM

848 Brickell Avenue, Penthouse 5, Miami, Florida 33131 (P), USA

+1 (305) 704-5350

KOLKATA, INDIA

SDF Building, Unit # 128,Salt Lake Electronics Complex, Sector V, Kolkata 700091, India

+91 (33) 2357-5777

INDORE, INDIA

DNR 90, Yeshwant Niwas Rd, 569/3, Unit# 301, 3rd floor, Indore, Madhya Pradesh, 452003, India

+91 (33) 2357-5777