Describe how tracking payment patterns of insurance companies can assist the provider in making decisions regarding continuing participation with an insurance plan.
What will be an ideal response?
Tracking payment patterns may assist providers with making decisions regarding participating and income. For instance, by tracking payment patterns, noting time usage for pursuing payments and requesting reviews, and knowing the bottom
line in dollars, the provider can use this information for making decisions whether to continue participation with certain plans. Maintaining participation only with quality plans that have fair reimbursement practices on behalf of their policyholders will foster better patient relations and a solvent medical practice.
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Fill in the blank(s) with correct word
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