Should Doctors Be Forced To Tell Insurance Companies More About Their Patients Health?
by Emily Basconford
Licensed physicians and treatment providers are always looking for ways to make a profit. Most medical practices collect less than 70% of their claims to insurance companies. It is not uncommon for a doctor to bill an insurance company for $50.00 and get back $10.00. It takes a skill to get the insurance companies to agree that you deserve to get paid. Every treatment centers, rehab and hospital knows that the new ICD-10 codes are making it harder than ever to collect on a claim. Years ago, collecting on a claim was much easier. All that you had to do was submit some paperwork and the insurance company would send you a check.
Now, medical practitioners know that those days are over. In the past, this is how things were done. In today's world, insurance company's want to know specific details about what you are trying to claim. Are you in fact trying to "get over" on them? Do your patients really need the services in which you are claiming?
Most people don't know that you need to learn 5 times as much information now than you did under ICD-9. You better believe that more study and experience is required. You need to document everything when you submit it to the insurance company. Insurance company's want to know why you are sending them a bill for a certain amount of money. Why should they pay you for the services that you performed? Was the service really necessary in the first place?
Licensed Medical doctors often have to go to school for 8 years or more. Their expertise for patient care should be enough for insurance companies to write them a check when they take care of a patient. However, this is not the case. Some doctors are even refusing to take any insurance at all. Many prefer to have their patients do cash pay. Many doctors complain that they must do this in order to keep their practice open. The insurance battle will only get worse.
Is insurance company's wrong for requiring more information? Would you willingly write a check to someone if you didn't really understand why they were sending you a bill in the first place? This is the stance of many insurance companies across the world. Insurance is now a tough industry to be associated with. It seems as though it is worth the money to hire a carried ICD-10 medical coder these days. It takes a lot knowledge and experience to deal with the new codes that are coming out. We will soon see the impact that these new codes will have. Right now they are having a negative impact on many treatment centers and hospitals around the world.
We are a <a href="http://idealbill.com">medical billing company</a> in Fort Lauderdale Florida. We have <a href="http://idealbill.com/services/">physicians billing services</a> for treatment centers, rehabs, hospitals and clinics. When a medical doctor decides to outsource their billing to us, we give a great approach to getting higher returns. Our customers tell us that we get them faster returns on their claims. We also offer services such as revenue cycle management and utilization.
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New Unique Article!
Title: Should Doctors Be Forced To Tell Insurance Companies More About Their Patients Health?
Author: Emily Basconford
Email: styk9wt@gmail.com
Keywords: health,business,finance,medical billing,medicine,insurance,health,business
Word Count: 448
Category: Medicine
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