Reducing Hospital Billing Errors by 50%: A Guide for Administrators
Every hospital executive or administrator knows the cost of a surgical complication. But when asking about billing errors, they either shrug it off or get confused. That lack of seriousness is costing some hospitals millions. Billing mistakes aren’t harmless typos, they’re operational inefficiencies. They delay payments, frustrate patients, and quietly damage your hospital’s reputation. According to the Medical Billing Advocates of America, nearly 80% of medical bills contain errors. Let that sink in. If you served 1,000 patients last month, odds are 800 of them will walk away with an incorrect bill in hand. That’s why as an admin; you must rethink your revenue and billing process. The blog guides you to achieve it and helps you cut billing errors by half. It could be the smartest financial decision your hospital has made this year. Every Billing Mistake is Different Some mistakes are obvious and can be identified such as double charging for an MRI. Others ...