Employment candidates have become more focused on “benefits” like healthcare than they are on salary. In other words, employees will take a little less pay as long as they are provided with health insurance. Business owners are figuring out ways…
If you are a business owner in the healthcare industry, you know that there are a lot of regulations and compliance standards that you need to adhere to. This can be a lot of work, and it can be difficult…
It's incredibly important to know everything that you can about medical billing, especially in light of the increase in uninsured people across the United States. Between 2015 and 2017 alone, the percentage of uninsured people under the age of 19…
A business that provides its employees with good health care has the advantage of attracting exceptional employees and recruiting the best available talent. It also reduces staff absenteeism due to illness, thus enhancing productivity and reducing loss of time and…
According to reports, 8.5 percent of people, or 27.5 million in 2018, did not have health insurance. A high number of patients dissatisfied with their health care experience often results in many complaints about claim processing. To avoid this problem,…
Technology has grown in leaps and bounds in the 21st century, and it seems technology's greatest gift to mankind is Artificial Intelligence (AI). AI has already revamped the way many industries work, and it has been especially life-changing for the…
There is a better way to manage healthcare claims. Many companies are using third party administrators to save time and money. Third party administrators (TPAs) are administrators that are contracted to manage claims. They provide support in a wide range…
Healthcare billing can be confusing on its own. Add in claim repricing, and you have a recipe for lost revenue on the hospital's or clinic's side and a lot of headaches on the patient's side. Understanding claim repricing can save…
Healthcare billing can be a very confusing process. This is especially true if you throw things like health insurance claims repricing into the mix. To not lose a lot of money, it is important to understand how health insurance claims…
As of 2018, private health insurance covered 67.3% of the population, while public health insurance covered 34.4% of the population. Private insurance companies are more prevalent because of their effectiveness, accuracy, and quick speed of processing insurance claims. Private health…