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Re: Hospital / Dr Bills - Spin Off
[Re: BirminghamBuck]
#1786711
07/15/16 03:36 PM
07/15/16 03:36 PM
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Joined: Oct 2005
Posts: 3,093
McCalla, AL
johnnyreb
10 point
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10 point
Joined: Oct 2005
Posts: 3,093
McCalla, AL
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It is almost like they have to overcharge to get paid anything at all by the insurance company. We have a winner Actually that's not one bit accurate. They actually do charge a lot more than they have too to make up for the loss of free care. Charged amount has no bearing on reimbursement amount. That is all I was saying. If you charge $100 or $1 million for a service, the insurance company will still pay the contracted amount. Charge amount do in fact matter in some cases. There are still workmans comp contracts that pay a percent of charges. And charge amount also is a component of determining outlier payments.
"We sleep safe in our beds because rough men stand ready in the night to visit violence on those who would do us harm."
George Orwell
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