Which claims are likely to be processed faster?

The fastest claims to be processed are typically closed claims. Closed claims refer to those that have completed the billing and reimbursement cycle, meaning they have been fully adjudicated by the payer. This process involves the payer making a final decision on the payment amount and resolution for the claim, leading to prompt closure.

Once a claim is deemed closed, it usually indicates that no further action is required and that all parties have settled the terms of the billing. This closure can vastly speed up internal reporting, financial reconciliation, and allow healthcare providers to focus on new claims.

In contrast, denied claims require further action, such as appeals or corrections, which can lengthen the time before payment is received. Unassigned claims might also lack necessary information or context to be processed efficiently, while appeal claims are contingent on the results of the initial denial, leading to a potential backlog in processing.