Getting a medical bill can be overwhelming, especially if you’ve had a serious medical procedure or hospital stay. With multiple procedures, tests and medications, medical bills can become incredibly complex and confusing. However, it’s important to take the time to thoroughly review your medical bills before paying them. There are many reasons why.
You want to avoid overcharges and errors.
Medical billing errors are common and can result in overcharges. This can happen due to various reasons. They include incorrect coding, double billing or charges for services that were not rendered. According to a study by the Medical Billing Advocates of America, up to 80% of medical bills contain errors. These errors can lead to you paying more than what you actually owe.
By carefully reviewing your medical bills, you can identify any errors and bring them to the attention of your healthcare provider or insurance company. Doing so can save you a considerable amount of money and ensure that you’re not paying for services that you did not receive.
You should understand your insurance coverage.
Understanding your insurance coverage is crucial when it comes to paying medical bills. Each insurance policy has different deductibles, co-payments and coverage limits. By reviewing your medical bills, you can make sure that you’re not paying for services that should be covered by your insurance.
As well, if you have any questions about your insurance coverage, you can contact your insurance company and ask for clarification. This can help you make informed decisions about your healthcare and avoid any unexpected bills.
You can identify billing fraud.
Unfortunately, medical billing fraud is not uncommon. It can include anything from billing for services that were not provided to billing for unnecessary tests and procedures. In some cases, healthcare providers may even create fake patient records in order to overcharge insurance companies.
By reviewing your medical bills, you can identify any suspicious charges and report them to your healthcare provider or insurance company. This can help prevent further fraud and protect your healthcare information.
You may wish to negotiate payment terms.
If you’re facing a large medical bill that you’re unable to pay in full, you may be able to negotiate payment terms. Many healthcare providers are willing to work with patients to create payment plans that fit their budgets.
By reviewing your medical bills, you can identify any charges that may be negotiable and bring them to the attention of your healthcare provider. You can also discuss your payment options and negotiate a plan that works for you.
At Allegiant Experts, we proudly offer Medical Billing Support.
Allow us to review your medical bills, insurance explanation of benefits and medical records for accuracy. We offer providers the assurance you are capturing the highest compensation for your healthcare services. We also help you make well-informed decisions on fee schedules, fee policies, auditing and compliance with established fee structures.
We assist attorneys by evaluating medical bills and records to support the fair market value for provider payment, expert rebuttal, mediation or expert testimony regarding the value of the services rendered. We empower healthcare consumers who may need assistance creating a medical bill payment plan. Allegiant Experts regularly works with medical providers and lien holders to negotiate further discounts.
For more information, please don’t hesitate to call us at 407-217-5831 or email us at info@allegiantexperts.com.