??Commercial payers delay paying out claims to providers
At the beginning of the year, hospitals and health systems held optimistic expectations regarding their financial performance, anticipating a rebound in revenue and profit margins following a challenging period. However, their financial situation has continued to face difficulties.
A recent analysis conducted by Crowe places a significant portion of the blame on commercial payers, citing frequent initial claims denials and various obstacles hindering payments to hospitals. CLICK HERE TO READ THE FULL ARTICLE
Do the insurance companies tolerate you paying them late?? Hell no!
Then they turn around and use stall tactics instead of paying the doctors and providers of medical care - SINCE YOU HIRED THEM IT ENDS UP MAKING YOU LOOK BAD to your employees and those doctors and providers.