IVANS surveyed more than 700 healthcare providers in the United States, and an additional 65 percent of respondents said Medicaid is also fair all or most of the time when it comes to reimbursements.
Commercial payors did not fare well in the survey, though. Sixty-two percent of surveyed providers indicated that commercial payors are not reasonable all or most of the time when it comes to claims.
The survey also found that 39 percent of providers still use paper to submit claims to commercial payors. However, less than 1 percent use paper for Medicare claims, and 11 percent use paper for Medicaid claims, both which were labeled as the “fastest” payors.
Related Articles on Hospital Revenue Cycle:
Money Matters: How the Hospital Revenue Cycle Impacts Patient Satisfaction
Survey: 21% of Patients Fully Satisfied With Hospital Billing Process
Less Than 10% of Providers Are More Than Halfway Ready for ICD-10
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
