In theory, workers’ compensation is a beautiful system put
in place to ensure injured or sick employees get coverage for the treatment
they need to get well and get back to work. In theory, employers benefit too,
as it protects them against costly lawsuits from employees who get hurt or fall
ill while on the job. Unfortunately, the reality is that workers’ compensation
is a flawed system prone to abuse and corruption, and often times, it’s
employers who get the shaft with huge bills and unwarranted expenses.
Friday, November 21, 2014
Monday, November 17, 2014
Prescription Drugs & Workers’ Comp: What Employers Need To Know To Control Costs
A growing number of narcotics prescriptions in workers’
compensation claims has left many employers struggling to foot the bill,
according to reports issued by the National Council on Compensation Insurance
Inc. (NCCI).
Tuesday, October 28, 2014
5 Ways To Keep Your Workers’ Compensation Costs Down
With state and federal workers’ compensation laws covering
well over 125 million employees and $6 trillion in wages nationwide, it’s a
matter that no business owner can afford to ignore. While these laws are
designed to protect both employees and employers, the simple fact is that
workers’ compensation does have a significant effect on your bottom line. Of
course, workers’ compensation laws and the claims process can be quite
difficult to understand, which is why many companies end up spending more on
workers’ comp than necessary.
In an effort to demystify workers’ compensation and help you
get your business’s expenses in check, we’ve compiled this simple list of
effective tactics for keeping your workers’ compensation costs down.
Wednesday, October 22, 2014
4 Strategies For Faster, Less Expensive Workers’ Compensation Claims
From an employer’s point of view, workers’ compensation
seems pretty straightforward on the surface. You report your payroll, pay your
workers’ compensation premiums and cross your fingers that no employees get
hurt or sick on the job. Seems pretty simple, right? The problem is that
workers’ compensation claims are inevitable for just about every employer, and
while many claims will be fairly easy to navigate, some claims can turn into a
complete nightmare for the employer, dragging on and costing you money.
Tuesday, June 17, 2014
A Look at the Most Common Medical Bill Coding Errors
Paying medical bills is a huge hassle and expense for
companies. With the cost of providing workers’ compensation coverage for
employees rising, it’s more important than ever that employers have a cost
control process in place to minimize expenses and maximize savings. One
important aspect of any cost control plan is medical bill reviewing.
Friday, June 13, 2014
What You Need to Know about Hospital Services for Your Medical Bills
The medical billing process is confusing, to say the least.
Every service rendered by the hospital has a specific billing code associated
with it, and depending on the circumstances under which the procedure was
performed, certain billing modifiers may need to be used to adjust the final
cost to the payer. Unfortunately, billing departments often make mistakes,
either through oversight or sometimes in an attempt to obtain more money that can
cost the payer (your company) a bundle if they go unnoticed.
Tuesday, June 10, 2014
What You Need to Know about Anesthesia Modifiers for Medical Bill Coding
One look at
the medical billing process, and it’s no wonder so many mistakes are made. With
so many different codes for each medical procedure and the numerous modifiers
indicating special circumstances under which the procedure was performed,
billers have a difficult task documenting everything properly. For companies
providing healthcare for their employees, this often leads to increased costs
due to incorrect billing from medical providers.
Friday, June 6, 2014
What You Need to Know about Modifiers 80, 81, 82, and AS for Medical Bill Coding
Medical billing mistakes cost paying companies huge sums of
money in excessive workers’ compensation-related expenses every year. Many of
these mistakes are due to coding errors, particularly the misuse of certain
modifiers.
Tuesday, June 3, 2014
What You Need to Know about Modifier 62 for Medical Bill Coding
If your business is like others, you’ve seen a drastic
increase in your health care costs in recent times. Providing health care
coverage for your employees is costly, and the last thing you can afford is to
pay more than you’re supposed to, due to inaccurate medical bills.
Unfortunately, billing mistakes happen more often than you might think. That’s
why it’s important to educate yourself on how medical billing works so you can
catch these mistakes and ensure they are corrected, saving your company money.
Friday, May 30, 2014
What You Need to Know about Modifier 50 for Medical Bill Coding
For businesses, the cost of health care has skyrocketed in
recent years. Keeping health care costs at a minimum is a constant challenge.
One of the best ways to keep your health care costs in check is to audit the
medical bills your company receives to ensure any incorrect charges are caught
and corrected. Medical billing mistakes happen more often than you probably
think, so thorough auditing really could save your company a significant sum of
money.
Tuesday, May 27, 2014
What You Need to Know about Modifier 59 for Medical Bill Coding
Whenever one of your employees goes to the doctor or
hospital, all of the services rendered are documented. Then, a medical bill
coder reviews the services rendered, assigns the proper payment codes, and
creates a claim that is sent to your company to pay. Unfortunately, a lot of
mistakes can be made in the billing process. Bill coding can be a very
confusing task, and if the wrong codes and modifiers are used, you could end up
with a bill that’s inaccurate and much more expensive than it should be.
Wednesday, May 21, 2014
What You Need to Know about Modifier 51 for Medical Bill Coding
You don’t need to be reminded how expensive it is for
businesses to provide health care coverage for their employees. You see the
exorbitant, constantly increasing costs on a daily basis, and you’ve probably
given a lot of thought to finding ways to cut your company’s health care
expenses. One of the best ways to reduce your health care expenditures is to
make sure the medical bills you receive are correct. Believe it or not, billing
mistakes are very common, and a lot of companies spend much more on health care
than they should be spending.
Monday, March 31, 2014
Comparing Bill Review Companies – How Much will you Really Save
Health care
providers move fast when it comes to collecting. They send out frequent
reminders, duplicate bills and, sometimes, erroneous statements. It adds up —
but to how much?
Tuesday, March 25, 2014
Cheapest Price Doesn’t Mean Best Value
Today, in the
United States, the cost of medical care is rapidly growing. These increasing costs, especially in
workers’ compensation, are putting more and more pressure on the payers of these
costs (i.e. insurance companies, self-insured employers, etc.) to keep them
under control. Oftentimes, payers will
turn to a specialist, such as Alpha Review Corp. (ARC) to review these medical
bills.
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