What does it cost physician practices to interact with health insurance plans?
Physicians spend three hours per week—or 43 minutes on average per workday—interacting with health insurance plans about authorization, formulary, claims/billing, credentialing, contracting, and quality data, according to a new study in Health Affairs. That averages out to a cost of about $68,000 per physician per year, the study found.
- MU Compliance Announcement Sparks Concern, Confusion
- New G-Codes to Pay Doctors for Broad Array of Non-Face-to-Face Care
- Scary Financial Challenges for 2014
- MGMA Urges 'End-to-End' ICD-10 Testing
- 1 in 5 CT Screenings for Lung Cancer Results in Overdiagnosis
- Telehealth Improves Patient Care in ICUs
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- LifePoint Bolsters Presence in Michigan's Upper Peninsula
- States Rejecting Medicaid Expansion Forgo Billions in Federal Funds
- Douglas Hawthorne—A Chance to Do Something Big