Rate of initial denials of medical insurance claims continued to rise in 2024, Kodiak Solutions’ proprietary data show
Hospitals, health systems and medical practices faced insurance claims practices that slowed payments for needed medical care in 2024 compared with 2023, new Kodiak Solutions revenue cycle data show.
Kodiak Solutions Recognizes Health Systems Across the Country in Its Fourth-Annual Revenue Cycle Awards
Kodiak Solutions is excited to announce our fourth-annual Revenue Cycle Awards winners. The awards recognize excellence in healthcare revenue cycle operations and are based on an organization’s performance on eight of Kodiak’s Revenue Cycle KPI metrics.
Healthcare Providers Facing Stiff Headwinds on Revenue Cycle Performance, Kodiak Solutions Data Show
Lower collection rates from insured patients and higher initial denial rates formed significant financial headwinds for hospitals, health systems and medical providers in 2024, according to Kodiak Solutions’ proprietary data.
Generative AI, Cybersecurity Among Top Risks for Healthcare Provider Organizations in 2025, Kodiak Solutions Finds
Overseeing the use of generative artificial intelligence, enhancing cybersecurity and ensuring compliance with a host of federal healthcare regulations headline the Top Risks health systems face in 2025, according to an annual study by Kodiak Solutions.
Medicare Advantage Plans Classify Three to Four Times as Many Hospital Stays as Observation Visits Compared With Traditional Medicare, a Kodiak Solutions Data Analysis Finds
A new analysis of claims data from more than 1,900 hospitals shows that Medicare Advantage plans classified three to four times as many hospital stays as observation visits from July 2023 through the end of June 2024 when compared with traditional Medicare, according to Kodiak Solutions.
Health insurers increasingly use information requests to delay paying billions of dollars to medical providers, Kodiak Solutions data show
Health insurers are increasingly using requests for more information to initially deny claims from hospitals, health systems and medical practices, delaying billions of dollars in payments, according to a new Kodiak Solutions quarterly revenue cycle benchmarking report.
Final Denial Rate for Inpatient Claims in 2023 Was More Than 50 Percent Above the Same Rate in 2021, According to Kodiak Solutions Data
Hospitals and health systems are seeing a sharp increase in the dollar value of claims that insurers are refusing to pay even after appeals, according to data collected by Kodiak Solutions (formerly Crowe healthcare consulting) and analyzed in its latest quarterly revenue cycle benchmarking report.
Cyberattack on healthcare claims processor costing hospitals $2 billion a week in cash flow, Kodiak Solutions data show
Hospitals, health systems and medical practices are beginning to feel the financial impact of a cyberattack on a widely used payment processor, as proprietary Kodiak Solutions data show that claims to payers have dropped by more than a third since the Feb. 21 cyberattack on Change Healthcare.
Insured Patients Account for More Than Half of Bad Debts Written off by Provider Organizations in 2023, According to Kodiak Solutions Analysis
Patients with some form of insurance coverage accounted for 53% of the estimated $17.4 billion that hospitals, health systems and medical practices wrote off as bad debts in 2023, according to data collected by Kodiak Solutions (formerly Crowe healthcare consulting) and analyzed in its latest quarterly revenue cycle benchmarking report.
As AI expands across healthcare organizations, benefits and risks both grow, according to Kodiak Solutions’ top risks report
Hospitals and medical practices face increasingly complex and interconnected risks that affect decision making in clinical, operational and financial matters, according to Kodiak Solutions’ annual report on the top management risks for healthcare.
