decisionhealth Newsletters, Coder Pink Sheets - 2008 Issue 3 (March)
Make prompt-pay laws work for you
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Article Overview
This article explains how prompt-pay laws are intended to help physicians and other providers address delayed claim payments and recover interest on aging claims. It also discusses the role of state insurance departments, the importance of knowing state-specific rules, and a separate cash-flow policy approach practices may consider with patients. The piece is aimed at healthcare providers and billing staff who want a general overview of prompt-pay compliance and payment-delay remedies.
Why This Topic Matters
Delayed reimbursement can create serious cash-flow problems for medical practices, so understanding prompt-pay rules and complaint pathways may help providers respond more effectively to outstanding claims.
What You Will Learn
- What prompt-pay laws are intended to address
- Why state-specific prompt-pay rules matter to medical practices
- How insurance department complaints can relate to delayed claims
- A general practice-level approach to managing cash flow while claims remain unpaid
Who Should Read This
- Physicians
- Other healthcare providers
- Medical billing staff
- Practice managers
- Healthcare administrators
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