Hospitals often face several challenges in managing medical claims, such as:
Complex administrative workload: The claim process involves significant paperwork and detailed documentation, taking time away from core medical functions.
High rejection rates: Errors in documentation or claim submission can result in denied claims and delayed payments.
Time-consuming processes: Hospitals often spend a lot of time following up on claims, resolving disputes, and correcting errors.
Regulatory compliance: Healthcare is subject to ever-changing regulations, and hospitals must ensure their claims are compliant with the latest industry standards.