Hospital Workers’ Compensation Claims: Strategies for Success
Workers’ compensation claims typically account for only 3-5% of a hospital’s revenue, but require an inordinate amount of effort to compliantly bill and collect. Many hospitals would be better served by utilizing outside resources to pursue these claims while focusing limited staff on traditional government and commercial insurance claims.
On the surface, workers’ compensation claims may appear to be similar to claims from any other payer. The patient is registered, insurance coverage is identified, the patient is treated, and bills are submitted. Any denials are addressed and ultimately cash is posted after confirming proper reimbursement. Hospitals have processes in place to deal with these functions every day. As will be demonstrated, however, each step in the revenue cycle related to a workers’ compensation claim involves unique challenges.
Complete the form to download the Hospital Workers’ Compensation Claims: Strategies for Success white paper.