The American Medical Association has released its fourth annual National Health Insurer Report Card, according to an AAPC release.
According to the report, the rate of inaccurate claims payments has increased 2 percent since last year's report card among leading commercial health insurers. The commercial claims processing error averages 19.3 percent, according to the latest study, resulting in approximately $3.6 million in erroneous claims payments and $1.5 million in unnecessary administrative costs.
Six of the seven measured health insurers failed to improve on last year's performance, though UnitedHealthcare improved to a claims-processing accuracy rate of 90.23 percent. Anthem Blue Cross Blue Shield fared the worst with an accuracy rating of 61.05 percent.
The AMA also noted insurer non-payment, denials, administrative requirements and timeliness.
Read the AAPC release on health insurance.
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According to the report, the rate of inaccurate claims payments has increased 2 percent since last year's report card among leading commercial health insurers. The commercial claims processing error averages 19.3 percent, according to the latest study, resulting in approximately $3.6 million in erroneous claims payments and $1.5 million in unnecessary administrative costs.
Six of the seven measured health insurers failed to improve on last year's performance, though UnitedHealthcare improved to a claims-processing accuracy rate of 90.23 percent. Anthem Blue Cross Blue Shield fared the worst with an accuracy rating of 61.05 percent.
The AMA also noted insurer non-payment, denials, administrative requirements and timeliness.
Read the AAPC release on health insurance.
Related Articles on Coding, Billing and Collections:
6 Tactics to Prepare for ICD-10
Obama Administration Reduces Premiums for High-Risk Insurance Plans
10 Tactics to Increase Surgery Center Patient Collections Immediately