60% of healthcare finance leaders say that prior authorization is the most time-consuming revenue cycle task for their organization

Statistic Info

The administrative burden of prior authorizations can severely impede an organization’s ability to collect payments in a timely manner due to the fact that authorization requests often require manual processing and communication with third-party payers. This can create a backlog of unpaid claims, resulting in financial losses for healthcare providers who are unable to keep pace with the sheer volume of requests.

Author: AKASA

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