According to a report, around $3 trillion worth of medical claims were submitted in 2016. Of those, $262 billion was initially denied. There are many reasons for such denials:
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a national law. Its set standards and policies ensure that sensitive health information remains protected and never exposed without a patient’s consent. Every individual has the right to control how their health information is handled and who can have access to their records.
The world is transforming, and more and more businesses are going digital. It is happening across various industries, and the medical sector is no exception. Healthcare processes are becoming more dependent on technology. Aside from highly advanced medical equipment, administrative tasks and diagnostic reports also benefit from this evolution. Unsurprisingly, medical billing and insurance claims are also shifting to digital.
The Health Insurance Portability and Accountability Act (HIPAA) is a crucial healthcare law. It was originally enacted in 1996, and its importance continues today. HIPAA compliance is a critical concern for many. Healthcare facilities and related businesses must follow all mandates. Click here for more on who needs to follow HIPAA compliance. Another piece outlines why it is important.
Medicare is the U.S. national health insurance program. It used to be the primary payment provider for Americans. However, in 1980, Congress amended the law, making Medicare the MSP or Medicare Secondary Payer.
HIPAA stands for Health Insurance Portability and Accountability Act. It is a crucial healthcare legislation that ensures the safety and privacy of any patient’s medical information. HIPPA has set the standards for collecting, storing, and sharing health information.
After the HHS released the HIPAA Final Rule in 2013, the entity estimated how much HIPAA compliance might cost. The per-organization estimates are as follows: $80- When Updating Notice of Privacy Practices (NPP) This is the cost of updating NPPs whenever there are changes to policies or procedures regarding using and disclosing Protected Health Information (PHI)
The healthcare industry is experiencing continued growth each year, and one of the areas that are expanding rapidly is medical billing services.
Non-emergency medical transportation software is a product that offers endless benefits to transportation businesses both small and large.
