Get Healthcare Revenue Moving Again
How Automated Payer Follow-up Jumpstarts a Stagnant Claims Cycle
Claims remittances commonly take up to 40 days or longer to arrive, leaving providers with few options other than to passively wait or pursue costly fixes such as staffing up internally or hiring third parties to follow up with payers, or communicate with payers via decades-old electronic data interchange (EDI).
The financial toll this is taking is enormous.
In 2012, the nation’s healthcare providers spent a cumulative $471 billion on billing and insurance-related activities; money that could otherwise have been redirected to patient care. This inefficient reimbursement climate isn’t just threatening financial performance for individual hospitals and providers. It’s draining the entire healthcare system.
This white paper examines the claims status automation trend in depth to reveal a clear picture of the technology that is helping providers recapture a timely and efficient billing cycle.
Download the whitepaper
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