Hospitals are losing billions of dollars every year from uncompensated care. According to the Department of Health and Human Services, $27.3 billion was lost in 2014 alone. And with the advent of insurance marketplaces and the expansion of Medicaid, this problem will only intensify if hospitals and health systems cannot find better ways to identify coverage to capture reimbursement.
Traditional processes of finding coverage are complex. They can lead hospital staff down the wrong road, wasting time and stalling (or even stopping) cash flow. However, there is a way to U-turn this process.