The Battle For Better Billing
What is Float?
Forget about what you hope your kayak will do on your five mile alligator infested river ride.
The float we are talking about is the difference between premiums collected and payments made by the insurance company.
The higher the float – the more profitable the insurance company.
The payer’s motivation to maximize their float justifies their aggressive tactics and violations and validates providers fears.
How do Payers Play the Game?
Unaware of payer’s tactics, providers lose the float game.
Worse, they often help payers win it.
The float we are talking about is the difference between premiums collected and payments made by the insurance company.
The higher the float – the more profitable the insurance company.
The payer’s motivation to maximize their float justifies their aggressive tactics and violations and validates providers fears.
How do Payers Play the Game?
Unaware of payer’s tactics, providers lose the float game.
Worse, they often help payers win it.
The slower this process goes, the more Float the payer accumulates over time.
Delays are caused by errors and neglect.
Every delay helps the payer to hold onto the Float.
Providers risk making errors at every stage of this flowchart.
Out of frustration providers often abandon their payments, by accepting denials without appealing them, by accepting rejections without correcting and resubmitting claims.
Many never monitor individual claim delays, let alone measuring the total delays across their entire practice. However, individual delays make just a fraction of the total provider’s loss.
The Battle For Better Billing
In-House Billing solutions
Your in-house billing team can leverage our breakthrough billing software to help you win the battle against payers.
We provide hands-on training sessions with real people and in-depth courses to help your team win the battle for better billing.
Full Service Billing Solutions
Our certified billing partners can handle your medical billing from start to finish. Our partners provide full-transparency through the entire billing process. Our solutions team will choose the best billing partner for your practice. The best part about it is, you will only have one training team, one coach, and one sales person. Our teams work very closely together to ensure a seamless and easy experience for you.
It’s like having an expert staff with 20 years experience without going through the hiring process, training process, or replacing them when they leave.
But it gets better…
You don’t even have to leave your EHR.
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