123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Common Errors In Healthcare Claims Made Uncommon

Profile Picture
By Author: John Graham
Total Articles: 1
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Errors in claims for healthcare insurance such as double payment or overpayment, and the determination of eligibility and out-of-network benefits are very common. But these mistakes can be easily pinpointed and prevented by companies if they partner with Healthcare Horizons in reviewing the distribution of their medical insurance plans for employees.

A case in point is a large manufacturing company in the US with some 2,500 employees distributed in many branches across the country. For a two-year period, the company racked up a total of $21 million in medical expenses for its employees. The company felt that there was something wrong in the processing of claims that made it pay more than it should.

And so the company hired Healthcare Horizons to conduct an audit-review of the entire process of its healthcare insurance program for employees. In no time, the experienced Healthcare Horizons professionals traced the biggest problem: the inability of the payer engaged by the company to accurately connect the insured members to the contracts associated their specific networks. The confusion ...
... in contract compliant was caused by the fact that the covered employees are located in different areas with different payers.

Apart from making payments error-free, Healthcare Horizons also identified the problems of repeated payments, out-of-network benefits and eligibility. When Healthcare Horizons completed the project, it recovered a total of $557,000 for the company and identified about $1 million as overpaid. Non-compliance with contracts also yielded some $200,000 in collected overpayments.

Healthcare Horizons professionals have worked for, or with, many of the major healthcare insurers in the country. Its vast experience with industry payers allows it to conduct self-insured employer reviews much more efficiently and effectively than its competitors. One of the reasons is Healthcare Horizons reviews the entire dataset of claims instead of just a sampling. Thus, it can target specific areas of concern that should be reviewed with the payers and allows it as well to identify the root causes of claims errors so that clients can avoid future overpayment on medical claims.

The operations and technology expertise of Healthcare Horizons is boosted by a staff of comprehensive healthcare skills appropriate for specific projects. For example, HH has professionals with experience and credentials in clinical coding, nursing and healthcare finance. The breadth of our professional expertise allows us to identify more complex issues in claims payment as well as devise operational solutions to prevent future occurrences.

In addition to providing claims audit services, Healthcare Horizons also provides other services to assist large self-funded employers manage their healthcare costs. This range of services includes health benefits analysis, pharmacy program review, eligibility reconciliation and process improvement, RFP and contracting services, fee schedule analysis, utilization and network analysis, reinsurance analysis, and cost containment strategies.

Healthcare Horizons offers detailed healthcare claims audits to self-insured employers across the nation that focuses on identifying and recovering overpaid claims that can be returned to the employer's account. It stands by its pledge that if it does not find the errors in medical claims, it will not ask for payment for its services.

Total Views: 251Word Count: 528See All articles From Author

Add Comment

Insurance Articles

1. Income Protection Insurance Uk: Why It’s Essential For Financial Security
Author: Riley Allen

2. Preserving America’s Musical Legacy: Insurance For Historic Instruments And Artists
Author: musicinstrumentsins

3. Building Financial Resilience With The Right Personal Insurance Protection
Author: Right Choice Finance

4. Building Financial Security Through Smart Insurance Planning In Auckland
Author: Right Choice Finance

5. Forging An American Musical Identity: Protecting The Instruments That Shaped Our Sound
Author: Clarion

6. Declined Life Insurance? Here's What To Do Next
Author: Joffry Daniel

7. Strategic Financial And Insurance Guidance For Long-term Security In Auckland
Author: Right Choice Finance

8. Marine Insurance Law In The Philippines
Author: Vigattin

9. Music Instrument Insurance Trends In 2026: Protecting Popular Gear From Theft, Damage & Loss
Author: musicinstrumentsins

10. Musician And Individual Musician Insurance In 2026: What Every Artist Should Know
Author: Clarion

11. Why Heritage Insurance Is Essential For Musical Instruments And Equipment
Author: musicinstrumentsins

12. Why Liability Insurance Is Essential For Djs, Bands, And Solo Artists
Author: Clarion

13. Top Benefits Of Private Health Insurance In The Uk
Author: Riley Allen

14. Common Risks Music Stores Face And How Insurance Helps
Author: Music Company

15. How Music Store Insurance Protects Your Inventory And Business
Author: musicinstrumentsins

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: