Denial codes are one of the biggest challenges faced by medical billers. When claims are denied, it can cause a delay in payment and impact the overall revenue cycle for healthcare providers. In this video, we will be discussing the basic denial codes of medical billing.
The first denial code is "CO-16 - Claim/Service lacks information which is needed for adjudication." This means that the claim is missing important information that is required for the insurance company to process the claim.
The second denial code is "CO-22 - This care may be covered by another payer per coordination of benefits." This means that the patient has other insurance coverage that needs to be billed first.
These are just a few of the basic denial codes that medical billers need to be aware of. By understanding these codes, healthcare providers can avoid claim denials and ensure timely payment for services rendered.
