The "Business" of Medicine is Under Assault!
The speed of turning claims into cash is directly proportional to a healthcare Providers ability to survive!
Currently, the industry's primary focus is expediting a high volume of claims, quickly! However, many times this results in claims not being paid in their entirety. Combine that fact with the insurance companies “planned” non-payment program and the national average reimbursement on contracted fees by hospitals is in the +/- 50% range. There are a number of issues which complicate the above referenced process and its solution:
- Ever-changing government regulations and compliance issues requiring an ongoing re-training of personnel
- Complex coding requirements vary with each insurance provider
- Insurance service/in network contracts are biased, limiting the insurers financial accountability
*Source: Fact Sheet – AMERICAN HOSPITAL ASSOCIATION (2016, January). Retrieved May 30, 2017, from http://www.aha.org/content/16/uncompensatedcarefactsheet.pdf
SO WHAT IS THE SOLUTION?
Click below to download the "FREE" Med X/S Recovery, white paper entitled, "The Med X/S Recovery Approach"