Insurance Payment Perspective
There is a lot of complaint in the industry about how slow the insurance companies are to pay glass shops for their work.
An article in The New York Times on Thursday about the payment of medical claims by insurance companies put this into some perspective.
The article reported that according to data from a claims processing company, the average number of days from the date of service to date of payment for seven of the largest national insurers ranged from 29 to more than 41 days. Charges that were paid in full when first submitted ranged from a high of 92 percent to 85 percent for the companies. Charges denied or requiring follow-up by a doctor ranged from a low of 7.3 percent to 14.2 percent for the companies.
Needless to say there is a lot of grumbling in the medical community about problems with insurance payments.
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