Private insurance or public insurance?
The AMA released a study of claim processing and claim payment and the private sector didn't really shine.
Consider payments that adhere to the posted imbursement rates by the companies. For the 7 insurance companies studied, United Health Care (UHC) had the lowest rate, 61.55%, and Coventry had the highest, 86.74%.
In contrast, Medicare's adherence rate was 98.12%.
This is important because doctors spend time & money trying to straighten out these claims. According to the AMA, "Physicians are spending as much as 14 percent of their total collections to obtain accurate payment for their services. "
Monday, June 16, 2008
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment