Why Outsourcing to Tritech Makes Good Business Sense

Why do many hospitals outsource their Workers’ Comp and No-Fault Billing?

The number of Workers’ Comp and No-Fault cases at hospitals, in comparison to other patient classifications, is relatively small - typically 6 to 10 percent. However, to successfully bill and collect on Workers’ Comp and No-Fault claims requires disproportionately large amounts of labor, cost and expertise.

More specifically, many hospitals have decided to outsource their Workers’ Comp and No-Fault billing because…

• Compared to other types of billing, Workers’ Comp and No-Fault billing is tedious, complicated, labor intensive and costly. A sizeable, specially trained staff is required.

• The methods and techniques for billing and collecting on Workers’ Comp and No-Fault claims are very different from billing and collecting other types of claims. In particular, Workers’ Comp and No-Fault require much more follow-up, which means more staff.

• Workers’ Comp and No-Fault regulations, statutes and fee schedules are moving targets. They are always changing. To be unaware of them results in wasted time, lost or delayed revenues due to improperly-submitted claims, and missed opportunities to capture additional revenue.

If you are thinking of outsourcing the billing and collections of your Workers’ Comp and No-Fault claims, click here to learn why you should choose Tritech.