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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