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NOTICE: This document contains confidential or proprietary information which may be legally privileged. It is intended only for the named recipients, and may not be shared with vendors outside of Craneware.

p.8

Increase in Non-Payment through Errors

A $300-million hospital can easily lose $3 million to chargemaster and charge capture errors1

 90% of claim denials are preventable2

 67% of denials are recoverable

 14% of claims submitted are denied3

 One out of every seven claims has to be resubmitted, appealed     or written off

1.

Healthcare Financial Management: Are You Speeding Toward Revenue Loss? (December 2004)

2.

American Medical News: Stake Your Claim: How to fight for fair reimbursement (June 21, 2004)

3.

Healthcare Financial Management: Improving Cash Flow with Better Charge Capture and Denial Management (October 2005)

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