The longer a billing department waits before taking action after a claim is submitted, the less likely it is to obtain payment. While a business may receive payment as quickly as 15 days after the submission, it can take as long as 30 days. Beginning follow ups early in the process can help to speed the payment process and to identify potential errors prior to denials.
Once a claim is denied, billing departments should quickly take action in order to increase the odds of receiving payment within a short period of time. Since many insurance companies implement stall tactics to avoid payment, knowing how to manage denials is incredibly important.