1 / 7

All you need to know about No Surprise Billing ACT

Are you aware of the u201cNo Surprises Actu201d and its related provisions and impact? Click here and read this guide to know Surprise Billing.

26057
Download Presentation

All you need to know about No Surprise Billing ACT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. All you need to know about No Surprise Billing ACT! https://www.247medicalbillingservices.com | +1 888-502-0537

  2. All you need to know about No Surprise Billing ACT! The rising medical debt now stands at a staggering $140 billion, and it is the most enormous amount of debt for most US families. A large amount of this debt is direct because of the surprise billing. A third of the insured adults mention that they have received an unexpected bill in the last two years. What is not a surprise at all is that two-thirds of the US adults are simply worried about not being able to afford these surprising medical bills. It is a problem that concerns more patients and thus is also under the action of the state and the federal governments. Congress has signed a No Surprises Act into law to solve this problem. Read more https://www.247medicalbillingservices.com | +1 888-502-0537

  3. All you need to know about No Surprise Billing ACT! What is a Surprise Billing? The No Surprises Act is effective from Jan. 1, 2022. It aims to protect the consumers from unexpected bills from out of the network care in emergency and non-emergency situations. You will be surprised to know that at least a fifth of the emergency claims and a sixth of the in- network hospital stays include an out-of-network bill due to emergency or ancillary care. Since the patients often lack choices when there are unexpected services to pay more, they have no option but to pay up from the pocket or face adverse credit reports. Healthcare plans cover some of the bills, but the patients remain responsible for a large number of remaining balances. https://www.247medicalbillingservices.com | +1 888-502-0537

  4. All you need to know about No Surprise Billing ACT! How to tackle price transparency with the No Surprises Act? Several new regulatory measures have now brought the focus on healthcare pricing. The new Act, which has now been changed to law, is under the Consolidated Appropriations Act of 2021. It is built on the previous federal actions that empower the patients towards better access to transparent healthcare cost information. Starting from January 2022, balance billing is no longer permitted for the out of the network emergency services, non-emergency services, and air ambulance services provided at an in-network facility. Insurers must cover all the emergency services without prior authorization regardless of whether they are within the health plan network or not. The patients are expected to pay the same amount for the in-network services. https://www.247medicalbillingservices.com | +1 888-502-0537

  5. All you need to know about No Surprise Billing ACT!  The Act bans the surprise billing for the emergency services.  The rule discourages the surprise billing of the ancillary services, which prohibits out-of-network changes within the in-network facilities.  It allows consent for allowing the patients to waive their balance billing protections. They can choose to accept the out-of-network charges.  The providers must inform the patients about their surprise billing protections publicly.  CMS also defined the qualifying payment amount. It calculates the patient cost-sharing with the insurer's median in-network rate for trends of 2019 and ahead.  CMS also has an established process that allows complaints from the patients about any violations to the balance billing process. https://www.247medicalbillingservices.com | +1 888-502-0537

  6. All you need to know about No Surprise Billing ACT! Conclusion: As a healthcare practice, if you want to create a "no surprises" billing experience for your patients, you have to change your current process. There are various price transparency tools available online that can help you meet the ongoing regulatory requirements. You can create a better and satisfactory patient experience with convenient cost breakdowns. For instance: Patient Financial Advisor is a text-to-mobile service that allows patients to check their estimated care costs even before they visit the hospital. It is a solution that provides a complete breakdown of all the involved procedures and the total estimated costs involved based on the benefits of the in-networks. Outsourcing Medical Billing & Coding is an alternative solution to reimburse all the claims under the provisions of the No Surprises Act. https://www.247medicalbillingservices.com | +1 888-502-0537

  7. All you need to know about No Surprise Billing ACT! About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Media Contact: Hari Sudan, 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537

More Related