Archive for July 19, 2013

Jul
19

Payment Review Companies Have Your Back!

Revenue recovery

Despite the mandate to control costs on behalf of managed care, expenditures for US healthcare has continued to outstrip the overall national income, rising around 2.4 percentage points quicker than the annual GDP since 1970. This is why payment reviews are endlessly important. Someone needs to make sure that you, as a healthcare professional, are getting paid what you deserve.

What is an HMO? In practice, an HMO is a coordinated delivery system that brings together both the financing and delivery of health care for enrollees. With a Point of Service (POS) plan, you are able to let the patient choose between an HMO and a PPO every time care is needed.

Believe it or not, many managed care health plans are provided by for profit companies. This is why