Medical Billing & Medical Coding Blog...

Medical Billing » Blog » Medical Billing Mandates Increase Premiums

Medical Billing Mandates Increase Premiums

Medical Billing Mandates Increase Premiums

State regulated medical billing mandates may be beneficial to some people, but they drive the premium costs higher. A Heritage Foundation report was conducted that had significant information for states. It suggested that the more health coverage mandates a state had, the higher the individual premiums. Medical billing mandates that are meant to help citizens may in fact be hindering them.

In the Heritage Foundation medical billing report, four variations of state regulations were measured: health plan liability, mandated benefits, direct access to specialists, and provider due process. It was found that on average, medical billing premiums rose $26.72 per month in states with health plan liability mandates. In states with mandated direct access to provider provisions, the premiums increased by $33.10. They rose $22.49 in states with mandated provider due process and $23.58 in states with more than 26 mandated benefits.

It is pretty obvious that these mandates are designed to help the patients. However, if insurance companies must pay more in medical billing rates, than the premium rates will rise.

To make sure you are not inflating the costs of your medical care provided, be sure you streamline your practice’s operations. Having efficient medical billing staff members can help keep your costs down. The less time that is spent correcting claims and miss payments, the more time that can be spent doing more profitable actions.

Another way you can cut costs in the billing area is to hire a medical billing firm to handle your claim responsibilities. Hiring outside of your company can cut back on salary pay, vacation time, sick leave, and insurance costs. Medical billing companies can positively effect your bottom line. If you make sure you keep your medical billing operations functioning as efficiently as possible, your rates could be the lowest in town.

View all Articles by:

Be The First To Comment!

New comments are no longer accepted on this article.

Subscribe To Article Updates By Email

Submit this form to receive an email when a new article is published to our blog.

Your email address:

(Your email will never be given or used for anything but this article subscription) - privacy policy

Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online Add to Technorati Favorites!
Blog Sections
Blog Archives
Professional Affiliations
Connect With Us
Tweets by This Author
Feedback
The medical billing blog with billing and coding articles!
Medical Billing & Coding Articles!