Do you wish you and your staff had more time and resources to focus on caring for your patients?
November is the third annual “Heal that Claim”TM month, and physician practices are being urged to take a stand against flawed and inefficient claims processing. One in five medical claims is processed inaccurately by commercial health insurers, according to the AMA’s third annual check-up of the nation’s commercial health insurers and the systems they use to manage and pay claims.
One recent study estimated physicians spend the equivalent of five weeks annually on health insurer red tape. To keep up with the administrative tasks required by health plans, physicians divert as much as 14 percent of their revenue to ensure accurate payments from insurers!
The AMA has provided several free online resources to help healthcare providers improve their claims process. Start with the Physician Claims Process Check-up where you will find a checklist with further helpful links to documents to take you and your staff step-by-step through the claims management cycle to ensure there are no gaps and to hold health insurers accountable.
Finding the whole process overwhelming? We at Healthcare Reimbursement Services are here to help! Our focus is to get our healthcare providers back to what they do best: treating their patients–while we focus on the business of getting them paid in full for those very services.
Whether your practice has its own in-house billing department or chooses to take advantage of the benefits of outsourcing to the experts, we encourage all who are engaged in the reimbursement process to get involved.