Unmasking the Proper Payer: Identifying Payment Sources in a World Gone Mad!
The age of the high deductible insurance plan is affecting everyone’s bottom line. This makes the timing of submitting a claim critically important. Every EMS agency needs to become a “detective agency” in tracking down sources of payment to ensure that the “time is right” to submit the claim so that your claim does not vanish into the deductible abyss, preventing you from obtaining the reimbursement you are entitled to. There are many new strategies and technologies available to help EMS agencies identify sources of payment, including current deductible status, promptly and efficiently. Those who can effectively get this key aspect of the revenue cycle “right” will increase cash flow and ultimately be the survivors in today’s challenging reimbursement environment.