MDaudit is proud to be featured in Electronic Health Reporter, where CEO Ritesh Ramesh discusses the critical need for continuous financial risk monitoring in 2025. The article, titled “Surging Audit and Denial Rates Signal Need to Prioritize Continuous Financial Risk Monitoring in 2025,” highlights alarming trends identified in MDaudit’s 2024 Annual Benchmark Report, including a 125% rise in coding-related denials and a 140% increase in inpatient medical necessity denials. These challenges underscore the urgency for healthcare providers to adopt real-time financial risk monitoring as a cornerstone of stability.
The report, based on data from over 650,000 providers and 2,200 facilities, reveals a fivefold increase in total “at-risk” dollars to $11.2 million and a doubling of external audit volume in 2024 compared to 2023. These findings elevate the transformation of revenue cycle management into a strategic imperative for health systems in 2025, emphasizing the pressing need to continuously monitor financial risk to proactively mitigate issues before they impact operations.
Read the full article here: Surging Audit and Denial Rates Signal Need to Prioritize Continuous Financial Risk Monitoring in 2025.