Covid-19 has upended the US healthcare system in staggering ways. The stats say it all. As of December 2020, health services spending was down about 2.7% and remained low in January 2021. Worse, experts believe the rebound is likely to be slow. This infographic gives an overall picture of how the pandemic hit the industry below the belt and the possible fallout of the crisis.
A recent CMS report found that about 30 per cent of claims are denied or rejected on the first submission because of improper insurance verification. Given that insurance verification is crucial for all types of health encounters – outpatient, inpatient and ambulatory care – this infographic takes you through the essentials steps of verification
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For most medical practices, the outsourcing vs. in-house billing services comes down to one factor: Cost. See how outsourcing trumps in-house billing with regards to this factor.