Recently, the insurance provider Cigna has been accused of underpaying claims submitted for mental health treatments by healthcare professionals and patients. Insurance plans now include mental health coverage, which has generated lawsuits surrounding the reimbursements for these services. These claims according to a news release from Bloomberg law.
These lawsuits display some of the complexities that are involved in the insurance claims process. It is sometimes a challenge to correctly submit claims to insurance providers in a timely manner. Especially when taking into consideration the need for a pre authorization for certain procedures and treatments.
In order to successfully navigate these requirements, it is often wiser to outsource the billing and credentialing process to organizations whom specialize in these tasks. A company that specializes in medical billing and credentialing will have the capabilities that are needed to streamline most of the revenue cycle management process.
The staff at Harvest Medical Billing knows applicable federal mandates and most current insurance reimbursement trends. This includes helping medical providers understand the standard reimbursement rate the most insurance companies give to facilities and centers. Sometimes this includes accepting a lower reimbursement rate in order to get a medical practice fully operational as quickly as possible. Never fear, that's why we are here.
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