Medical Bill Auditing: A Hidden Opportunity for Savings

Every year, businesses lose thousands of dollars to medical billing errors. Medical billing is complex. Hospitals use thousands of billing codes, and mistakes happen more often than you'd think.

Here's what we commonly see:

• Upcoding: Charging for a more expensive procedure than what was performed

• Double billing: Charging twice for the same service

• Unbundling: Splitting a package of services to charge more individually

• Phantom charges: Billing for services never provided

These errors add up. Studies show that 80% of medical bills contain at least one error. For a mid-sized company, this could mean hundreds of thousands in unnecessary spending each year.

The Solution: Professional Bill Auditing

Here's the good news: You don't have to tackle this alone. Professional medical bill auditors can:

• Review all medical claims

• Identify billing errors

• Challenge incorrect charges

• Negotiate with providers

• Recover overpayments

The best part? Most auditors work on a contingency basis. You only pay when they find savings, typically a percentage of what they recover.

Your employees won't notice any change in their care or coverage. The entire process happens behind the scenes.

Every dollar saved on incorrect charges is a dollar you can reinvest in your business or your employees' benefits.

The Bottom Line

Medical bill auditing isn't about being skeptical - it's about being smart. With the right partner, you can ensure you're only paying for the care your employees actually receive.

Want to learn more about implementing medical bill auditing? Let's talk about how to get started.