What is a potential outcome of effective insurance authorization processing?

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Effective insurance authorization processing leads to better payment collection rates because it streamlines the verification of patient coverage and eligibility for services before they occur. By ensuring that the necessary approvals are obtained, healthcare providers can reduce the likelihood of claim denials and streamline their revenue cycle. This proactive approach facilitates timely payments and helps organizations maintain financial health while minimizing administrative burdens associated with follow-ups on denied claims.

In contrast, the other options reflect negative outcomes that are generally not associated with effective authorization processing. Increased patient wait times may stem from inefficient processes, while fewer patients scheduling appointments and higher cancellation rates could indicate issues with accessibility or clarity in communicating coverage, rather than the positive effects of efficient authorization handling.

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