The previous tip kicked off our series called “Dear Provider: Don’t Give Up,” highlighting the lack of peace physicians have due to changing regulations and the pandemic.
And, it’s no secret the battle physicians have with:
You face choosing the best treatment plans or medications based on the patient’s coverage, which puts you further into the healthcare conundrum. Even patients are confused by insurance companies!
In a previous Becker’s CFO Report:
77 percent of consumers reported they were confused by an explanation of benefits they received from their health plan and 76 percent were confused by bills from their providers.
So, how do we increase your understanding of insurance companies to reduce patient frustration and compliance risk?
Here are a few suggested tips, such as:
Remember, this will take time and a little studying on your part to enact within your practice. Review compliance risks surrounding each decision, especially when patients are involved (we don’t want them to complain to the insurance company or government). Once you nail down this area, your practice will run more efficiently.
**The opinions and observations from the group/author are not a promise to exempt your practice from fines and penalties. Research, modify and tailor the advice to fit your specialty.
Click here for the next tip in the series.