> Should Practices Accept the new ‘Exchange’ Plans?
Should Practices Accept the new ‘Exchange’ Plans?
Article from Revenue Cycle Management IQ Center
Practices around the country are faced right now with a choice:
Whether to accept the insurance contracts offered to them via the Affordable
Care Act’s online exchanges.
It’s a difficult decision. These health plans—which are
designed for individual-market consumers, many with lower incomes—generally
offer lower reimbursement rates for common services. And they come with higher
risks than most other insurance contracts (like the risk that you’ll never be
paid at all on some patients).
On the other hand, they offer
volume and a much-needed new revenue source.
You shouldn’t decide this
blindly. Here’s guidance on how to use the data generated by your revenue cycle
management system or provider to help you make an informed decision about
what’s best for your practice.
The Affordable Care
Act is here to stay. But your own practice’s level of participation is still up