Tag Archives for Health Insurance

What are Health Insurance Exchanges

Health Insurance Exchanges are Here! What is the definition of a Health Insurance Exchange? A Health Insurance Exchange is a set of government-regulated and standardized health care plans from which individuals may purchase health insurance. The Affordable Care Act (ACA also known as Obamacare) is demanding that everyone have health insurance by January 1, 2014. People can start signing up for the Health Insurance Exchanges to get health insurance as of October 1, 2013. Here is the link to the Continue Reading

Filed Under: Healthcare Infographics

Facts and Stats on Health Insurance and Benefits Enrollment

Health Insurance and Benefits Enrollment Health insurance organizations, employers, and eHealth providers are dealing with the struggles of improving benefits education, increasing efficiencies, increasing voluntary benefits enrollment, and meeting mobile demand. The United States spends $361 billion on health care administration, but if the ACA is used properly providers could save around $11 billion a year. Infographic provided by OrtegaAnt  

Filed Under: Healthcare Infographics, Medical Billing and Coding Topics

Capture Billing Combats Health Insurance Companies That Pay 1 of 5 Claims Wrong

Capture Billing helps physicians and healthcare facilities get paid correctly with proper coding, claims submission and insurance follow-up. Washington, DC (Vocus) June 16, 2010 – The American Medical Association AMA has come out with a report stating that one in five medical claims submitted to health insurance companies are processed inaccurately which leaves physicians and other healthcare providers receiving lower or no reimbursements for services provided. The AMA estimates that up to $15.5 billion in unnecessary administrative costs could be saved Continue Reading

Filed Under: Press Release

Health Insurance Companies Process 1 in 5 Claims Wrong

Proper Medical Billing and Coding is Important for Correct Insurance Payments The American Medical Association (AMA) has come out with a report stating that one in five medical claims submitted to health insurance companies are processed inaccurately, which leaves physicians and other healthcare providers receiving lower or no reimbursements for services provided. The AMA estimates that up to $15.5 billion in unnecessary administrative costs could be saved by medical practices if insurance companies would improve their claims processing accuracy. This Continue Reading

Filed Under: Featured Medical Billing Home, Medical Billing and Coding Topics