Did you know that hospitals and doctors collectively lose millions of dollars every year in unpaid medical bills? A lot of this is owing to issues with managed care. Managed care was established to help groups of people seek lower costs in medical bills via collective bargaining. It has obtained mixed results, considering that the cost of receiving health care is the highest among similar industrialized nations, and many Americans end up having trouble paying off costly medical bills not covered by their insurance. It can become confusing to process managed care paperwork and many offices accidentally extend the process by not addressing these issues.
If you are a doctor or hospital looking for help with managed care review, it is recommended that you purchase managed care software. What is the benefit to your office? This type of software can help as well as solve a number of common issues and requirements. For one, it can help with complicated accounts receivable. And when it comes to revenue recovery, the system can be set up to send automated statements for you to those in debt. Some doctors and hospitals eventually sell unpaid debt to creditors, in which case they receive only part of the money back via payment compliance. This will help to get your money back without having to constantly worry about it personally. The program can also assist with payment reviews, and contract compliance, so that you know you are performing services and receiving payment that full under the definitions of the contract.