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.
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Some Cancer Hospitals' Quality Data Will Soon Be Public
- CA Powers Up $80M HIE to 'Create Value in the Data'
- TJC Warns Hospitals of Deadly Medical Tubing Mistakes
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- 3 Traits Personality Assessments Can't Reveal
- The secret committee behind our soaring healthcare costs