If you can’t beat ‘em, join ‘em? The AMA just released its annual report card on insurers this week, and in the organization’s sights this time is the lack of accuracy in claims processing. Over $200B is spent annually on this mechanism, and the AMA says that 80% of the time, insurers matched payments to providers.

But can this benchmark be increased with greater physician input and cooperation? According to the AHIP, it must. The insurance lobby says the path to complete compliance in this area could go a long way in reducing overhead for Insurance, collectively. They contend that providers and insurers must share in the innovation invested on both sides to make this happen. | LINK

Related Posts Within Doctor Pundit:

1. Insurers Lay Groundwork for Healthcare Reform Rather than losing out in government sponsored plans, two leading...
2. Two Prominent Insurers’ Bottom Lines Unchallenged by Reform Law, at Least in Near-Term In another example of just how well prepared certain insurance...
3. AMA Cries Foul over Insurers’ Utilization of Quality Parameters to Maximize Efficiency In a reform environment in which appearances are everything, providers...
4. Reform Law Seen As Positively Enhancing Insurers’ Coverage of Healthcare Consumers On Monday the Obama administration finally released the rules governing...
5. Closer Scrutiny of Insurers’ Rate Review Mechanisms Just Latest Effect of Reform on Managed Care A group of states with a combined population of just...