Medical Debt Collection Research Paper

Offices should have a well written payment/collection policy because you want to make sure that the patients know what is expected of them. Collecting and taking payments from patients can already be a challenge. So when a patient is aware of the written payment/collection policy, they are less likely to have problems with person taking the payments.

Once the patient comes through the door payment for services should be top of mind. All copayments and deductibles collected and any other non-covered expenses billable to the patient. The correct information is gathered and if all is handled initially properly within in the cycle the claim can go the workflow and payment received with minimum effort by human hands.

Health care expenses are a never ending headache that create numerous liabilities. Liabilities are created when goods or services are purchased on credit and obtained through short- term and long- term loans. Health care expenses create liabilities such that payments are made late or no payments are made at all. In some cases, the cost of health care expenses are unaffordable resulting in those type of payments. To prevent large health care debt, many individuals seek health insurance. Health insurance is provided by private insurance companies or by the government. It covers health care expenses and provides the necessary health care. Although, health insurance is necessary it can also be very costly.

So there will always be negativity toward debt collection but remember a lot of debt collection agencies may not act the way you would like them to. Furthermore, it shows from time to time. If you have ever had to deal with a debt collector, you know some of them can be persistent, and

Molly needs to gather information why these accounts are discharged and they are not billed yet. Some of the possible reasons why bills sat there for so long after patient are discharged include the following;

Being admitted into a hospital can sometimes lead to many expensive medical bills. This is not a problem for the wealthy or middle class. However, for those who live in poverty or are even just in between jobs this presents a major problem. How will they be able to pay for these expenses?

It is easy to see how fraudulent medical billing is having a major impact on the Unites States and the citizens of this country who rely on it on a daily basis. We often hear through the various new sources in this country, on the internet or out of the mouths of politicians and experts in the healthcare field about the failing healthcare system in this country. We often hear many different opinions on what needs to be done to fix our healthcare problem within this country and fix what looks to be a very broken system at this point. No matter what the solution to our poor healthcare system is one thing that is very clear is that healthcare fraud and abuse is playing a major role in the depletion of money in this country and the rise in healthcare costs for the citizens of this country.

Ever evolving technology, scientific breakthroughs, extended life expectancy, and unemployment often involves leads to a high level of uncollectible accounts within the healthcare industry When a patient receive services provided by a healthcare facility or physician’s office patient financial services gather patient demographics, insurance information, and income information. The information provided by the patient is reviewed to determine their financial status thereby determining their ability to pay for healthcare services. When the patient is deemed, they cannot afford to pay for medical services they determine if the services would be categorized as free services, or a sliding scale/discounted services. If services are provided free of charge or on a discounted rate, then the services are exempt from tax and is categorized as a charitable item thereby the service is recordable under uncollectible items as charity services versus an uncollectible debt.

In the medical billing revenue cycle, there are ten steps. The first step is patient preregistration where a patient schedules a visit and their insurance is either verified or on file. The second step is to determine the patient’s payment when visiting the provider and the reason for their visit. Next is to check the patient in upon arrival at their visit. This is to verify the insurance and the identity of the patient. The patient is checked out after seeing the provider and charges for services will show on the superbill. After this, the medical biller takes the patient’s superbill and creates a claim. From here, the biller must ensure that the claim is compliant with coding and arrangement. From here, the claim is prepared and finally

For all healthcare providers and facilities that provide services to patients, reimbursement is the life support of the organization. If no payments are received for services rendered, there will be a number of repercussions. For starters, there will be the obvious negative financial effect. The number of available staff will be impacted. Lack of staff means longer wait times. In many situations, third party payers will not cover all the costs and it becomes left up to the patient to pay. When that happens, there is always the chance the patient does not pay either. When a patient refuses to pay and their account becomes delinquent, the provider loses revenue instead of gaining the deserved reimbursement. Eventually the facility could face

A great opportunity to discover whether or not you actually want to do the job you have been dreaming about your whole life is to explore that career field. I was granted the opportunity to job shadow a medical records technician, also known as a medical biller. I haven’t always wanted to be a medical biller, but I have had an interested in the medical field. The chance to shadow Mrs. Latoya West at Advantage Medical Billing allowed me to see that the medical field was something that I would like to continue to pursue, but not as a medical biller. During my time, I did discover a few interesting things.

•Collection/Payment. At this time when the patient has been seen and provided with a diagnosis a co-pay or deductible is needed for the visit.

Whether you have health insurance coverage or not, the costs of medical care in Tennessee can add up quickly. According to the Consumer Financial Protection Bureau, one out of every five credit reports contains overdue debts resulting from medical bills. At Rothschild & Ausbrooks, PLLC, we are often asked about how to deal with these types of debts. In this post, we will discuss options for getting control of your medical debts.

When an individual or family does not have insurance, and can not or does not pay their medical bills, the cost of that care is "shifted" to patients who do have insurance. For example, a study done by Harvard University found that 50 percent of all bankruptcy filings were partly the result of major medical expenses. The average medical expenses in these bankruptcy filings were $12,000. And someone files bankruptcy every 30 seconds in this country. (National Coalition on Healthcare, 2005, Facts on health care costs). Most of those lost dollars are shifted to consumers in higher premiums and costs.

First of all, medical billing is a process of submitting claims to insurance companies in order for health care provider to receive payment for service. Medical biller is the person that deals with claims. There are two different