Case Study: Sleep Diagnostic Center reduces Medicare denials and improves cash flow with Neolytix

Sleep Diagnostic Center cuts Medicare denials 50% with Neolytix

The sleep diagnostic center, a provider of diagnostic and therapeutic sleep studies, faced significant challenges with Medicare claim denials that impacted its revenue. The center partnered with Neolytix for revenue cycle management and denial management services to address this issue.

Neolytix identified the root causes of the denials and implemented strategic solutions to optimize the revenue cycle. This resulted in a 50% reduction in Medicare-related denials, restored an 80% first pass resolution rate, and recovered $300,000 in accounts receivable. Neolytix's work also protects up to $1.5 million in annual revenue and improved the center's compliance with Medicare policies.

Sleep Diagnostic Center