Medical Billing Solutions to Overwhelm Frauds
According to the National Health Care Anti-Fraud Association, healthcare fraud costs around $68 billion annually to the American people, about three percent of their $2.26 trillion in healthcare spending. Every year, hundreds of providers are charged for fraudulent and unethical practices in different states, and there is no end to it.
Actually, fraud in healthcare is prevalent just like in any other industry. There are countless ways where fraudsters can trick the system in their favor to maximize their profits. You can also get in touch with experts via https://snf-solutions.com/ for proficient billing solutions.
Common Medical Billing Frauds:
There are various types of fraud in the healthcare industry today and occur in different settings. Some of the most common medical billing scams are:
1) Fees For Services Never Performed: Healthcare providers are only paid for medical treatments and procedures that are actually performed. Both Medicaid and Medicare can provide reimbursement for the procedures, tests, and treatments they are authorized to perform.
2) Double Billing: It occurs when a provider attempts to bill more than once for the same service. It typically involves sending a bill to Medicare or Medicaid and either the patient or a private insurance company for the same treatment.
3) Fake Service Fee: It is another common medical billing that happens when a provider bills for the procedures and treatments that were not actually provided at all.
4) Fees For Services/Items Not Found: There are several services and items that are not reimbursable by both government and private insurance providers. Providers may label non-covered services and items as covered in order to obtain reimbursement they are not entitled to.