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Wednesday May 22, 2013 |
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Are Most of Your Claims Processed and Paid Accurately? |
Majority of the payers these days struggle with a complicated system of claims processing which result in numerous errors and directly impacts practice revenue.
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Industry Standards State |
- Recent study of insurance payment patterns depict that accuracy of claims processing by commercial carriers was 84%, hence 1 out of every 6 claims processed are paid incorrectly
- Average claims-processing error rate for 2010 and 2011 was 19.3%, an increase of 2% over the previous year
- In 2011 it was estimated that by eliminating claim payment errors the health care system can save $17 bn. per year
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The payer’s first time EOB payment accuracy rate can have a considerable impact on a physician’s practice costs. |
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How do inaccurately paid claims adversely impact physicians? |
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Increasing your payments with MBC’s claim management process…..
Evaluate all payer contracts – including the associated fee schedules, available claim edits, payment policies, & other payment rules before signing any contract.
Constantly review and audit claims - for timely and accurate payments |
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Get The Best Solutions In RCM Consultancy |
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for Free Consultation
888 357 3226 |
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MBC aims to stop inaccurate claim payments before they start by constantly monitoring claims submitted and identifying opportunities which help improve accuracy, compliance and productivity.
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The Complete Patient Experience is an Essential towards Patient Satisfaction |
Accurate diagnosis by the physician may be an essential, but the patient comfort level attained at the doctor’s clinic at times may factor more towards a good patient experience. Recent survey results showed that approximately 34% patients were eager to change doctors if offered an ideal experience in another clinic. |
What does a complete patient experience demand?
Industry experts believe as the healthcare industry offers multiple choices, hence good customer service and patient satisfaction is a must ensuring the patient returns to the doctor’s office. Hence to attain patient satisfaction and increased revenue practice management experts recommend physicians to look at the complete patient experience.
Solution: Improving areas for increased patient satisfaction - the improvements required ….. |
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Efficient practice management equals to higher revenues! |
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