Solution
Despite the challenges, RadNet was determined to stabilize its operations. With the help of Availity’s RTE feature, they focused on regaining lost payer electronic data interchange (EDI) connections and reducing eligibility-related errors, which were significant contributors to its high error rates. By reestablishing EDI connections with payers through Availity and automating and streamlining eligibility checks, they dramatically cut down the initial error rates. Additionally, RadNet utilizes Advanced Claims Editing (ACE) within Availity RCM to efficiently create and manage custom edits and rules, helping them address potential issues before they occur. This proactive approach has been instrumental in maintaining consistent low error rates over the years and enabled them to quickly recover to low error rates following the cybersecurity incident.
In April, just two months after the incident, RadNet’s error rate dropped from 8.29% to 2.89%. Through relentless effort and strategic resource allocation, RadNet achieved a significant milestone in its revenue cycle management. By March 2025, its error rate had fallen to an impressive 1.45%, the lowest in its history. This significant reduction allowed RadNet to process claims with greater efficiency, reduce revenue loss from denials, and enhance overall financial performance.