The beginnings of the German health care system can be traced back to the Middle Ages when craftsmen were members of guilds. The guilds provided an early form of health insurance based on the principle of solidarity: All guild members paid into a fund which was then used to help individual members if they had financial difficulties, for instance, because of an illness. There were also insurance funds organized for factory workers as early as the beginning of the industrial revolution. These different forms of social insurance were then standardized through Otto von Bismarck’s social policies in the late nineteenth century. Health insurance was introduced first, in 1883. Its primary goal was to provide insurance in the event of illness, mainly for workers involved in both industrial and non-industrial production.
Anyone who was insured was granted the right to free medical treatment and medicine, as well as sickness benefits and a funeral allowance. At that time, about 10% of the population had health insurance – compared to nearly 100% in Germany now.
GDHI Medical & Healthcare Group comprises a global network of medical centres, which aim at delivering state-of-the-art and patient-centred care in the EU and ASEAN, especially in Malaysia and Indonesia.
A member of GDHI Medical Group shares the core values of ASEAN Sanatorium & Hospital on clinical excellence and patient care. It will offer top-quality community care, primary care, and speciality care at convenient locations throughout the ASEAN area.
Question about your bill //
Price and Services Analysis
Choosing a vendor solely on the basis of a low price point is a bad idea because it’s possible the lack of cost is an indication of low-quality service. While that’s not always the case, it’s worth some hesitation because the capabilities might not align with your needs. Put simply, it could just be too good to be true. At the end of the day, low prices are sometimes a gimmick used by low profile companies to gain users easily. So, to keep your practice away from these disappointments, we recommend analyzing the pricing and services offered by every vendor worth considering so you can sort out the best medical billing service provider at an affordable price.
Transparency is Crucial
Delays in claim generation, irregular follow-ups, and false promises are some of the common problems that doctors face while dealing with outsourced medical billing companies. Once you commit to a medical billing service provider, you rely on them to maintain the financial health of your practice. We recommend that you look deeply into their history as well as their transparency practices so you know you can have full trust in their commitment to your success.
There are only a few medical billing companies that have a cloud-based system to allow you to check the complete financial data of your practice 24/7. You can check the summary of collections, filed claims, denials, charges, and payment summary in real-time which makes the whole billing process completely transparent and easy to manage. Choosing a cloud-based medical billing service provider should be one of your top priorities.
Artificial Intelligence and Medical Billing
Some medical billing companies use artificial intelligence to develop smart rules-based software that checks the claims before filing. The algorithm is continuously updated according to their claims filing experience with different insurance companies. The use of Artificial Intelligence significantly reduces the denials and helps you to get the payment on the very first filing. This process gets you paid early and reduces unforeseen revenue loss.
Security of Your Data
The medical billing company is going to handle your practice’s extremely sensitive data. So ask about their security system and processes to secure your data. Make sure the medical billing company is fully capable to protect your data while transit (moving across networks) and at rest (stored).
Now do your research, give each potential medical billing partner a detailed check-up by asking good questions and comparing them, and you will be well on your way to hiring the best.