Mitigating Loss

Share This Page

Accurate Current Procedural Terminology® (CPT) coding is not only essential for financial stability but also directly impacts patient care. Healthcare systems face significant financial losses due to coding errors. According to recent data, hospitals across the country lose approximately $262 billion per year due to denied claims from insurers, leading to cash-flow issues and recovery costs. Additionally, an estimated 9% of hospital charges are denied annually, putting nearly $5 million per hospital at risk.