A Road Map for Simplifying Motor Vehicle Accident Claims and Maximizing Revenue Recovery
Motor Vehicle Accident (MVA) claims are complex, time consuming, and often unprofitable unless handled correctly. For one, the odds are stacked against the provider, because almost all such claims involve legal issues unrelated to the care of patients. Meanwhile, for the eighth year in a row, the majority of hospital CEO’s (according to the American College of Healthcare Executives) list financial challenges as their biggest concern.
Collecting revenues from liability claims can help with those concerns. Keeping a hospital running at an optimal level to provide patients with leading edge services is becoming increasingly more difficult due to dwindling returns in revenue and rising healthcare costs.
Focusing on revenue recovery in MVA claims is critical if medical providers want to look for creative ways to meet these concerns. So how do we achieve this pivotal goal?
In order to maximize MVA reimbursement, it’s important to develop a broad understanding of the challenges facing all parties involved.
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