The Hidden Crisis in Orthopedics: Claims denials.

The rising trend of healthcare claims denials, as highlighted in the recent State of Claims 2024 report, presents both challenges and opportunities for orthopedic medical device companies. As denial rates increase—reaching as high as 15%—these companies are witnessing an intensified struggle among healthcare providers to secure timely payments, which can directly affect their reimbursement for medical devices. This shift signals an urgent need for orthopedic device manufacturers to collaborate closely with providers to ensure accurate billing, optimize claims submission processes, and mitigate...