Results of the National Health Insurance Report Card: They're not pretty
One of WebPT’s strategic partners and web-based billing software provider, Kareo, recently posted a blog regarding the 2011 National Health Insurance Report Card. The findings were that insurance payments were actually declining from last year. Some of the worst offenders paid as low at 62% of what they were contractually obligated to.
What can be done to keep insurance companies honest while maintaining the thousands of private practice clinics that are struggling to make it in this economy? In any other industry, it would be unacceptable to pay anything under 100% of what we were contractually obligated to pay. Please respond to this post if anyone has ideas on how to change this trend.