Mistakes in medical billing can jeopardize the reputation of your
medical practice and hurt patient loyalty. The trust deficit created due to
inaccurate medical billing can be irreparable.
According to the 2019 Patient Payment Technology Report, based on a survey of 1000 U.S. healthcare consumers, only 33% of consumers expressed confidence in
As most providers can attest, when running a healthcare
practice, accurate patient billing is critically important. Billing errors can
lead to severe consequences, including a loss in revenue, increased claim
denials, costly reworking of claims as well as heavy fines and penalties. It is
estimated that a staggering 80%
of medical bills contain err
Billing errors are not only bad for patients but also for medical practices. It’s critically important for healthcare providers to minimize any coding and processing errors to increase their revenue.
Frequent claim denials and negligence may also trigger
billing audits and investigations which may not only damage the HME/ DME’s