NEW YORK, Aug. 3 /PRNewswire/ -- The uninsured issue has become a crisis: the State of New York estimates that 2.3 million residents are currently without health insurance, a number that is continuing to rise. An increasing number of patients find themselves going to large hospitals and clinics for sick visits and emergencies -- as opposed to preventive checkups at a doctor's office. When these patients arrive at hospitals and clinics, by State law, the facility may not turn them away. These patients' files are added to the institution's already-overburdened "bad debt" or "charity fund." However, the most incredible fact is that many of these supposedly "uninsured" patients actually have some form of insurance.
Since hospitals and clinics are overwhelmed, they rarely bother to check if the patient is in fact uninsured. The facility accepts the patient, using a "sliding fee" scale for payment -- treating the patient regardless. Until now, this has been a leading loss of revenue.
These "hidden" insured patients no longer have to impact hospitals' bottom lines. Millin Associates (www.millinmedical.com), a leader in the medical billing industry for 27 years, tackles this growing problem head-on.
Millin's research is performed in batch mode, saving hospitals and clinics hundreds of thousands of dollars. Millin finds the patient's valid insurance information -- and then bills the appropriate payer. Millin's SQL-based systems empowers their IT staff to visit any facility and extract the information so research and recovery can commence.
Millin's services are available to the largest hospitals and smallest clinics. This is good news: uninsured patients are a real crisis for the states' hospitals and clinics of all sizes. The number of uninsured varies by facility from 10,000 to 450,000 per year. Many hospitals and clinics continue to purchase large technological systems -- and still struggle to identify insured patients that come to the facility without coverage information. Millin's platinum services process those claims to extract any correct, valid insurance numbers for these patients. Many hospitals and clinics now outsource their self-pay ("uninsured") files to Millin every 90 days so that the claims are not written off unnecessarily.
Sol Weiss, CEO of Millin Associates, states that, "if you have uninsured patients, why not try our research services? They are entirely contingency-based; you'll only be charged a fee if we recover money for you."
|SOURCE Millin Associates|
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