So, in the midst of the COVID-19 public health emergency, is now the time to sell or merge your practice? I would argue no.
As part of our 686-step audit process, we take a deep dive into the charge-capture process. It is always amazing to see how many cases actually never get billed.
With many billers promoting price gouging practices to their clients, now may be the time to review your charge master or fee schedule to ensure you are part of the solution and not part of the problem.
Last week, the Department of Health and Human Services (HHS) noted they will be pushing the Office of the Inspector General (OIG) to investigate overbilling for COVID 19 cases.
This triple change will likely lead to an increase in self-pay cases going into the fourth quarter as the fallout from the economic shutdown continues.
While the discussion surrounding a nationwide solution for surprise billing was a hot topic until earlier this year, there are now many legitimate questions to be asking about how COVID-19 may drive the push for new legislation.
Optum has built the Health and Human Services COVID-19 Uninsured Payment Portal, which allows providers to submit claims for uninsured COVID-19 patients.
With a host of new rules and regulations cropping up surrounding billing COVID-19 patients, you can bet the OIG is monitoring these claims and payments closely.
Relationships with ambulatory surgery centers, hospitals and health systems provide a formal source of income and referral business, but also an informal base for business relationships.
Everyone knows health care providers have been hit hard by COVID-19, but how have insurers been affected? Stark CEO Mick Raich shares the latest.