What does your state say about your expected reimbursement for workers’ compensation, and what does it mean for your bottom line?
It’s no secret that workers’ compensation claims are complex and littered with challenges. Despite being a fraction of a hospital’s overall revenue, these claims typically drain resources and create more questions than answers.
With so many variables, is winning at workers’ comp billing a lost cause? Absolutely not. It can be done well for any hospital, with the right technology in place, by following the fundamental workers’ comp billing principles or enlisting a capable, experienced partner to manage it. This all starts with asking yourself 5 basic questions:
- How much am I owed?
- Were the services authorized?
- How should I send it?
- How do I measure success?
- Should I outsource my work comp claims?
